Amundi Takes $1.90 Million Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Amundi bought a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 18,336 shares of the company's stock, valued at approximately $1,902,000.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in Goosehead Insurance by 2.4% during the 3rd quarter. Natixis Advisors LLC now owns 72,171 shares of the company's stock worth $6,445,000 after purchasing an additional 1,688 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Goosehead Insurance by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company's stock worth $2,114,000 after acquiring an additional 2,714 shares during the last quarter. Quest Partners LLC acquired a new stake in Goosehead Insurance during the 3rd quarter worth about $81,000. Pathstone Holdings LLC increased its holdings in shares of Goosehead Insurance by 31.4% in the third quarter. Pathstone Holdings LLC now owns 15,681 shares of the company's stock valued at $1,400,000 after purchasing an additional 3,747 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Goosehead Insurance in the third quarter worth about $1,978,000.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded up $1.22 during trading on Friday, reaching $116.54. The company had a trading volume of 357,606 shares, compared to its average volume of 283,362. The firm has a market capitalization of $4.32 billion, a PE ratio of 161.86, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The firm's 50-day simple moving average is $112.00 and its 200 day simple moving average is $106.80. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

Remove Ads

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's payout ratio is currently 400.00%.

Insider Buying and Selling

In related news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $16,290,838.41. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 265,100 shares of company stock worth $32,110,974. 48.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Truist Financial restated a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a report on Friday, March 7th. 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 report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.10.

Goosehead Insurance Company Profile

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.