Principal Financial Group Inc. Has $12.74 Million Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Principal Financial Group Inc. increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,854 shares of the company's stock after purchasing an additional 4,333 shares during the quarter. Principal Financial Group Inc. owned 0.32% of Goosehead Insurance worth $12,744,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company's stock worth $42,000 after acquiring an additional 403 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Goosehead Insurance by 7,593.8% during the 3rd quarter. International Assets Investment Management LLC now owns 10,002 shares of the company's stock worth $8,930,000 after purchasing an additional 9,872 shares in the last quarter. Jacobson & Schmitt Advisors LLC raised its stake in shares of Goosehead Insurance by 10.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company's stock valued at $12,649,000 after purchasing an additional 13,594 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at about $2,134,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Goosehead Insurance in the third quarter valued at about $780,000.

Goosehead Insurance Stock Performance

GSHD stock traded down $2.36 during trading hours on Monday, reaching $120.85. The stock had a trading volume of 264,873 shares, compared to its average volume of 269,471. The stock has a market capitalization of $4.48 billion, a PE ratio of 168.00, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43. The stock has a 50-day simple moving average of $108.66 and a 200 day simple moving average of $103.82. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

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Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a boost from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's dividend payout ratio (DPR) is presently 400.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GSHD. BMO Capital Markets lifted their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Truist Financial reiterated a "hold" rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Bank of America lifted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of "Hold" and an average target price of $105.10.

Goosehead Insurance 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.