Marshall Wace LLP Increases Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Marshall Wace LLP boosted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 981.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,959 shares of the company's stock after acquiring an additional 48,971 shares during the quarter. Marshall Wace LLP owned 0.15% of Goosehead Insurance worth $5,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GSHD. Sanctuary Advisors LLC purchased a new stake in shares of Goosehead Insurance during the third quarter valued at approximately $247,000. Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance during the 3rd quarter valued at $63,000. GAMMA Investing LLC boosted its position in Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock valued at $65,000 after buying an additional 257 shares during the period. Wallace Advisory Group LLC bought a new stake in Goosehead Insurance in the 4th quarter worth $293,000. Finally, Mechanics Bank Trust Department increased its position in shares of 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 acquiring an additional 109 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on GSHD shares. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. UBS Group increased their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Truist Financial reissued a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, JMP Securities reissued a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday. One 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 data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $113.70.

Goosehead Insurance Stock Performance

NASDAQ GSHD traded up $6.35 during trading hours on Friday, hitting $99.54. 992,579 shares of the company's stock traded hands, compared to its average volume of 277,169. Goosehead Insurance, Inc has a 52 week low of $54.80 and a 52 week high of $130.39. The firm has a market capitalization of $3.71 billion, a P/E ratio of 138.25, a P/E/G ratio of 5.17 and a beta of 1.48. 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 business's fifty day moving average price is $113.44 and its two-hundred day moving average price is $111.36.

Insider Activity

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the sale, the insider now owns 132,349 shares of the company's stock, valued at $15,897,761.88. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock valued at $37,392,258 in the last 90 days. Company insiders own 48.35% of the company's stock.

Goosehead Insurance Company 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.