Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Trust Point Inc.

Trust Point Inc. cut its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 46.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,988 shares of the company's stock after selling 3,520 shares during the quarter. Trust Point Inc.'s holdings in Goosehead Insurance were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GSHD. Mechanics Bank Trust Department raised its position in Goosehead Insurance by 4.5% during 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company's stock valued at $31,000 after buying an additional 231 shares during the period. Precision Wealth Strategies LLC raised its holdings 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 valued at $507,000 after acquiring an additional 256 shares in the last quarter. HighTower Advisors LLC lifted its stake in Goosehead Insurance by 5.8% in the third quarter. HighTower Advisors LLC now owns 5,040 shares of the company's stock worth $448,000 after acquiring an additional 276 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance during the 3rd quarter worth about $29,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on GSHD shares. JPMorgan Chase & Co. boosted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. TD Cowen boosted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Piper Sandler boosted their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Finally, 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 note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $99.20.

Goosehead Insurance Stock Up 4.5 %

Shares of GSHD stock traded up $4.83 during trading hours on Friday, reaching $112.44. 183,604 shares of the company's stock were exchanged, compared to its average volume of 240,505. The stock has a market cap of $4.17 billion, a PE ratio of 156.17, a PEG ratio of 5.05 and a beta of 1.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock's fifty day moving average price is $109.43 and its two-hundred day moving average price is $100.55. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $5.91 per share. This is a positive change from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st.

About Goosehead Insurance

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.