First Mercantile Trust Co. grew its stake in shares of Goosehead Insurance Inc (NASDAQ:GSHD) by 514.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,300 shares of the company’s stock after acquiring an additional 3,600 shares during the period. First Mercantile Trust Co.’s holdings in Goosehead Insurance were worth $212,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GSHD. Sheets Smith Wealth Management purchased a new position in shares of Goosehead Insurance during the 2nd quarter valued at $573,000. Toth Financial Advisory Corp bought a new stake in Goosehead Insurance in the second quarter worth $425,000. Peregrine Capital Management LLC bought a new stake in Goosehead Insurance in the second quarter worth $17,953,000. FNY Investment Advisers LLC bought a new stake in Goosehead Insurance in the second quarter worth $57,000. Finally, First Trust Advisors LP bought a new stake in Goosehead Insurance in the second quarter worth $1,401,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

In other Goosehead Insurance news, CFO Mark S. Colby sold 2,064 shares of Goosehead Insurance stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $43.67, for a total value of $90,134.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark S. Colby sold 1,032 shares of Goosehead Insurance stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $45.03, for a total transaction of $46,470.96. The disclosure for this sale can be found here. Insiders sold a total of 410,800 shares of company stock valued at $29,916,999 in the last quarter. Corporate insiders own 67.50% of the company’s stock.

Goosehead Insurance stock opened at $42.96 on Friday. The firm has a fifty day moving average price of $47.19 and a two-hundred day moving average price of $42.97. The firm has a market cap of $645.87 million, a price-to-earnings ratio of 214.80, a P/E/G ratio of 2.44 and a beta of 0.32. Goosehead Insurance Inc has a fifty-two week low of $20.49 and a fifty-two week high of $51.98.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Friday, November 1st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The company had revenue of $21.17 million during the quarter, compared to analysts’ expectations of $21.57 million. The business’s quarterly revenue was up 31.9% on a year-over-year basis. Analysts forecast that Goosehead Insurance Inc will post 0.34 earnings per share for the current year.

GSHD has been the subject of a number of recent research reports. ValuEngine upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. set a $60.00 price objective on shares of Goosehead Insurance and gave the stock a “buy” rating in a report on Wednesday, September 18th. Zacks Investment Research cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Goosehead Insurance from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $52.00.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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