Motley Fool Wealth Management LLC cut its holdings in Goosehead Insurance (NASDAQ:GSHD) by 8.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 104,911 shares of the company's stock after selling 9,785 shares during the period. Motley Fool Wealth Management LLC owned about 0.28% of Goosehead Insurance worth $12,386,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen LLC acquired a new position in shares of Goosehead Insurance in the first quarter valued at about $8,025,000. Entropy Technologies LP boosted its holdings in shares of Goosehead Insurance by 13.0% in the first quarter. Entropy Technologies LP now owns 2,606 shares of the company's stock valued at $308,000 after buying an additional 300 shares during the period. Invesco Ltd. boosted its holdings in shares of 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 buying an additional 37,098 shares during the period. Simplex Trading LLC acquired a new position in shares of Goosehead Insurance in the first quarter valued at about $88,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Goosehead Insurance in the first quarter valued at about $225,000.\n\nA number of analysts recently weighed in on GSHD shares. UBS Group dropped their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a 'buy' rating on the stock in a report on Monday, July 28th. Piper Sandler reaffirmed a 'neutral' rating and issued a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. Cantor Fitzgerald started coverage on shares of Goosehead Insurance in a report on Tuesday. They issued an 'overweight' rating and a $125.00 price objective on the stock. BMO Capital Markets dropped their price objective on shares of Goosehead Insurance from $142.00 to $110.00 and set a 'market perform' rating on the stock in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a 'neutral' rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of 'Hold' and a consensus target price of $110.91.\n\nIn related news, General Counsel John Terry O'Connor sold 2,500 shares of Goosehead Insurance stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel directly owned 1,000 shares of the company's stock, valued at $104,420. The trade was a 71.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at . Also, major shareholder & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $86.44, for a total value of $3,976,067.12. Following the transaction, the insider directly owned 132,349 shares in the company, valued at approximately $11,440,247.56. The trade was a 25.79% decrease in their ownership of the stock. The disclosure for this sale can be found . Insiders sold 150,344 shares of company stock valued at $14,034,871 in the last three months. 37.76% of the stock is currently owned by insiders.\n\nGoosehead Insurance traded down $0.52 during trading on Tuesday, hitting $86.07. The company had a trading volume of 296,665 shares, compared to its average volume of 442,970. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 76.17, a P/E/G ratio of 7.60 and a beta of 1.31. The business has a 50 day moving average of $98.39 and a 200 day moving average of $106.31. The company has a fifty-two week low of $79.33 and a fifty-two week high of $130.39. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10.\n\nGoosehead Insurance last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. As a group, research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.\n\nGoosehead 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.

Motley Fool Wealth Management LLC Decreases Stock Position in Goosehead Insurance (NASDAQ:GSHD)

Motley Fool Wealth Management LLC reduced its holdings in Goosehead Insurance (NASDAQ:GSHD) by 8.5% in the first quarter, owning 104,911 shares valued at $12.386 million as of the latest 13F filing. Other institutional investors such as Nuveen LLC, Entropy Technologies LP, Invesco Ltd., Simplex Trading LLC, and Jefferies Financial Group Inc. made changes to their positions, with Invesco Ltd. increasing its stake by 56.8%. Analysts from UBS, Piper Sandler, Cantor Fitzgerald, BMO Capital Markets, and JPMorgan Chase & Co. issued ratings and price objectives on GSHD shares, with a consensus rating of 'Hold' and a target price of $110.91. Insiders including General Counsel John Terry O'Connor and Robyn Jones Descendants Mark sold significant shares, reducing their ownership. The company reported Q2 earnings of $0.49 EPS, missing estimates, with revenue up 20.4% year-over-year. Goosehead Insurance operates as a holding company for Goosehead Financial, LLC, providing personal lines insurance agency services in the U.S.