Goosehead Insurance, Inc (NASDAQ:GSHD) Stake Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 312.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,621 shares of the company's stock after purchasing an additional 83,028 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.30% of Goosehead Insurance worth $11,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GSHD. Louisiana State Employees Retirement System increased its holdings in Goosehead Insurance by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock worth $1,265,000 after purchasing an additional 100 shares during the period. Mechanics Bank Trust Department boosted its position in shares of Goosehead Insurance by 4.5% in the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company's stock valued at $274,000 after purchasing an additional 109 shares during the period. New York State Teachers Retirement System boosted its position in shares of Goosehead Insurance by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock valued at $1,444,000 after purchasing an additional 204 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Goosehead Insurance by 2.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock valued at $959,000 after purchasing an additional 210 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of Goosehead Insurance by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after purchasing an additional 254 shares during the period.

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Insider Transactions at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company'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 value of $2,412,564.00. Following the sale, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 over the last quarter. 37.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler decreased their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday. Truist Financial reissued a "hold" rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Bank of America raised their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average target price of $110.10.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded down $1.47 during mid-day trading on Thursday, hitting $111.58. 20,899 shares of the company were exchanged, compared to its average volume of 279,571. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50 day simple moving average is $114.78 and its two-hundred day simple moving average is $110.00. The company has a market capitalization of $4.16 billion, a P/E ratio of 154.97, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39.

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.