Vanguard Group Inc. Purchases 19,980 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Vanguard Group Inc. lifted its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,499,479 shares of the company's stock after purchasing an additional 19,980 shares during the quarter. Vanguard Group Inc. owned approximately 6.74% of Goosehead Insurance worth $267,994,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after purchasing an additional 100 shares in the last quarter. Mechanics Bank Trust Department grew its holdings in Goosehead Insurance by 4.5% in the fourth 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 increased its holdings in shares of Goosehead Insurance by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock worth $1,444,000 after buying an additional 204 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake 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 in the last quarter. Finally, Precision Wealth Strategies LLC increased its position in shares of Goosehead Insurance by 5.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company's stock worth $507,000 after acquiring an additional 256 shares in the last quarter.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GSHD shares. UBS Group raised their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Piper Sandler reduced their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday. Bank of America lifted their price objective 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. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Truist Financial reaffirmed a "hold" rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One 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, the company currently has a consensus rating of "Hold" and an average price target of $110.10.

Goosehead Insurance Stock Performance

Shares of GSHD traded up $9.15 during midday trading on Wednesday, reaching $113.05. 262,267 shares of the stock were exchanged, compared to its average volume of 280,585. The company has a market cap of $4.22 billion, a P/E ratio of 157.02, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock's 50 day simple moving average is $114.78 and its 200 day simple moving average is $110.00.

Goosehead Insurance Increases Dividend

The company also recently disclosed 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. This is an increase from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance's dividend payout ratio (DPR) is 400.00%.

Insiders Place Their Bets

In related news, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at $15,990,406.18. The trade was a 24.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction 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 sale, the director now owns 339,008 shares of the company's stock, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 in the last ninety days. 37.76% of the stock is currently owned by insiders.

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.