Integrated Quantitative Investments LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,000 shares of the company's stock, valued at approximately $965,000.
Several other large investors also recently bought and sold shares of GSHD. R Squared Ltd purchased a new stake in Goosehead Insurance in the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB acquired a new stake in Goosehead Insurance during the 3rd quarter worth $63,000. Kestra Investment Management LLC acquired a new stake in Goosehead Insurance during the 4th quarter worth $63,000. Smartleaf Asset Management LLC grew 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 purchasing an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock valued at $65,000 after purchasing an additional 257 shares during the period.
Goosehead Insurance Price Performance
Shares of NASDAQ:GSHD traded down $1.62 on Wednesday, reaching $102.28. 55,393 shares of the company were exchanged, compared to its average volume of 279,556. The company has a 50-day moving average of $114.58 and a 200-day moving average of $109.80. 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 firm has a market cap of $3.82 billion, a price-to-earnings ratio of 141.04, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. 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 announced 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 a positive change from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance's dividend payout ratio is presently 400.00%.
Insider Buying and Selling at Goosehead Insurance
In other news, CFO Mark E. Jr. Jones acquired 1,010 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at approximately $276,402.84. This trade represents a 75.83 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the business's stock in a transaction on 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 sale, the insider now owns 132,349 shares in the company, valued at approximately $15,990,406.18. The trade was a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 308,812 shares of company stock valued at $37,392,258. Corporate insiders own 37.76% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on GSHD shares. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. Truist Financial reiterated a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Bank of America upped their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, UBS Group upped their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $110.10.
Check Out Our Latest Report on GSHD
Goosehead Insurance Company Profile
(
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.
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