TD Asset Management Inc Grows Stock Holdings in Goosehead Insurance $GSHD

TD Asset Management Inc lifted its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,180 shares of the company’s stock after purchasing an additional 3,204 shares during the period. TD Asset Management Inc owned about 0.07% of Goosehead Insurance worth $2,657,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GSHD. Driehaus Capital Management LLC purchased a new stake in shares of Goosehead Insurance during the 1st quarter worth $22,003,000. Goldman Sachs Group Inc. lifted its position in shares of Goosehead Insurance by 86.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after purchasing an additional 164,693 shares during the last quarter. Annex Advisory Services LLC lifted its position in Goosehead Insurance by 1,248.8% in the second quarter. Annex Advisory Services LLC now owns 136,564 shares of the company’s stock valued at $14,409,000 after acquiring an additional 126,439 shares during the last quarter. Nuveen LLC purchased a new stake in Goosehead Insurance in the first quarter valued at $8,025,000. Finally, Invesco Ltd. lifted its position in Goosehead Insurance by 56.8% in the first quarter. Invesco Ltd. now owns 102,402 shares of the company’s stock valued at $12,090,000 after acquiring an additional 37,098 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,677,152.27. This trade represents a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 244,770 shares of company stock worth $21,568,721 over the last ninety days. 37.76% of the stock is currently owned by company insiders.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $68.25 on Wednesday. The firm has a market cap of $2.56 billion, a PE ratio of 60.40, a P/E/G ratio of 13.11 and a beta of 1.27. Goosehead Insurance has a one year low of $64.40 and a one year high of $130.39. The firm’s fifty day moving average is $78.22 and its two-hundred day moving average is $93.64.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

GSHD has been the subject of a number of research reports. UBS Group reduced their price target on shares of Goosehead Insurance from $136.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. JMP Securities reduced their price target on shares of Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 14th. Cantor Fitzgerald raised shares of Goosehead Insurance to a “strong-buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Finally, Zacks Research cut shares of Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.09.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.