Raymond James Financial Inc. purchased a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,584 shares of the company's stock, valued at approximately $491,000.
Other large investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company's stock worth $94,595,000 after purchasing an additional 185,037 shares during the last quarter. SG Americas Securities LLC boosted its stake in Goosehead Insurance by 885.5% during the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company's stock worth $5,539,000 after buying an additional 46,420 shares during the last quarter. Alberta Investment Management Corp grew its holdings in Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after buying an additional 25,595 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Goosehead Insurance in the 3rd quarter valued at $616,000. Finally, Geode Capital Management LLC increased its stake in shares of Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock worth $57,476,000 after acquiring an additional 5,969 shares during the last quarter.
Insider Activity at Goosehead Insurance
In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares of the company's stock, valued at $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,812 shares of company stock worth $37,392,258 in the last three months. 37.76% of the stock is owned by company insiders.
Goosehead Insurance Trading Down 1.9 %
Shares of NASDAQ GSHD traded down $2.06 during trading on Friday, reaching $108.97. The stock had a trading volume of 251,495 shares, compared to its average volume of 279,031. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $4.06 billion, a P/E ratio of 151.35, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The business's 50-day moving average price is $114.94 and its 200-day moving average price is $110.30.
Analyst Ratings Changes
A number of brokerages recently issued reports on GSHD. Truist Financial reissued a "hold" rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. UBS Group increased their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. Piper Sandler decreased their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $110.10.
View Our Latest Stock Report on GSHD
About Goosehead Insurance
(
Free Report)
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.
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