KLP Kapitalforvaltning AS Invests $536,000 in Goosehead Insurance, Inc (NASDAQ:GSHD)

KLP Kapitalforvaltning AS purchased a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,000 shares of the company's stock, valued at approximately $536,000.

A number of other hedge funds also recently modified their holdings of GSHD. R Squared Ltd bought a new position in Goosehead Insurance during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance in the 3rd quarter valued at approximately $63,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC raised its holdings in Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after acquiring an additional 509 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 257 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on GSHD. UBS Group lifted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Truist Financial reiterated a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods increased their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Bank of America boosted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $110.10.

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Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the sale, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 308,812 shares of company stock worth $37,392,258. 37.76% of the stock is currently owned by corporate insiders.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded down $1.39 during mid-day trading on Tuesday, reaching $103.90. 330,505 shares of the company were exchanged, compared to its average volume of 280,420. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The company's 50 day moving average price is $114.58 and its 200 day moving average price is $109.80. The stock has a market capitalization of $3.88 billion, a PE ratio of 144.31, a PEG ratio of 5.17 and a beta of 1.48. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance Increases Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's payout ratio is 400.00%.

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.