Charles Schwab Investment Management Inc. lifted its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,680 shares of the company's stock after purchasing an additional 5,459 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.58% of Goosehead Insurance worth $23,125,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its position in shares of Goosehead Insurance by 51.8% in the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after purchasing an additional 309 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after acquiring an additional 509 shares during the period. Prudent Man Advisors LLC acquired a new stake in Goosehead Insurance during the 4th quarter worth about $214,000. Illinois Municipal Retirement Fund lifted its position in Goosehead Insurance by 2.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 13,898 shares of the company's stock worth $1,490,000 after acquiring an additional 299 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in Goosehead Insurance by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock worth $959,000 after acquiring an additional 210 shares during the period.
Goosehead Insurance Stock Performance
NASDAQ GSHD opened at $114.48 on Wednesday. The stock has a 50-day simple moving average of $111.56 and a two-hundred day simple moving average of $106.69. The firm has a market capitalization of $4.25 billion, a P/E ratio of 159.00, a PEG ratio of 5.17 and a beta of 1.49. 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 quick ratio of 1.55 and a current ratio of 1.55.
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 paid a $5.91 dividend. The ex-dividend date 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 Activity at Goosehead Insurance
In related 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 value of $24,876,750.00. Following the completion of the transaction, the director now owns 339,008 shares in the company, valued at $41,138,620.80. The trade was a 37.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 265,100 shares of company stock worth $32,110,974 in the last 90 days. Corporate insiders own 48.35% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GSHD. TD Cowen lifted their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lifted 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 lifted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $109.10.
Check Out Our Latest Stock Report on GSHD
Goosehead Insurance Profile
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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.
Further Reading
Want to see what other hedge funds are holding GSHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report).
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