Charles Schwab Investment Management Inc. Has $23.13 Million Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Charles Schwab Investment Management Inc. increased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 215,680 shares of the company's stock after purchasing an additional 5,459 shares during the period. Charles Schwab Investment Management Inc. owned 0.58% of Goosehead Insurance worth $23,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Goosehead Insurance during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new position in Goosehead Insurance during the third quarter worth about $63,000. Kestra Investment Management LLC bought a new position in Goosehead Insurance during the fourth quarter worth about $63,000. Smartleaf Asset Management LLC grew its holdings in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after purchasing an additional 509 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after purchasing an additional 257 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GSHD shares. JPMorgan Chase & Co. boosted their price objective on 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 boosted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Truist Financial restated a "hold" rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $109.10.

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Goosehead Insurance Price Performance

Shares of GSHD stock traded up $1.22 during trading on Friday, hitting $116.54. The company had a trading volume of 363,073 shares, compared to its average volume of 282,674. 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 firm has a market capitalization of $4.32 billion, a P/E ratio of 161.86, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The stock's 50-day moving average price is $112.36 and its 200 day moving average price is $107.03. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $5.91 per share. This is an increase from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance's payout ratio is currently 400.00%.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 40,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the completion of the transaction, the chairman now directly owns 38,951 shares in the company, valued at $4,636,727.04. The trade was a 50.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction on Friday, February 28th. The shares were purchased 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 approximately $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 265,100 shares of company stock worth $32,110,974 over the last three months. Corporate insiders own 48.35% of the company's stock.

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.