Motley Fool Asset Management LLC Sells 61,998 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Motley Fool Asset Management LLC decreased its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,722 shares of the company's stock after selling 61,998 shares during the period. Motley Fool Asset Management LLC owned approximately 0.23% of Goosehead Insurance worth $9,191,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GSHD. Geode Capital Management LLC boosted its position in shares of Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock worth $57,476,000 after purchasing an additional 5,969 shares in the last quarter. Alberta Investment Management Corp grew its stake in Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after acquiring an additional 25,595 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Goosehead Insurance by 135.1% during the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company's stock valued at $1,982,000 after acquiring an additional 12,759 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock worth $12,744,000 after purchasing an additional 4,333 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Goosehead Insurance in the 4th quarter worth $536,000.

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Wall Street Analyst Weigh In

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

Goosehead Insurance Stock Performance

GSHD traded up $3.56 on Tuesday, hitting $108.85. The company's stock had a trading volume of 84,587 shares, compared to its average volume of 279,310. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The firm has a market cap of $4.04 billion, a P/E ratio of 151.17, a price-to-earnings-growth 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. The company's 50 day simple moving average is $114.70 and its 200-day simple moving average is $109.74.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors 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. Goosehead Insurance's payout ratio is presently 400.00%.

Insider Buying and Selling

In related news, Director Thomas Mcconnon sold 205,000 shares of the 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 of the company's stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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. This represents a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,812 shares of company stock valued at $37,392,258. Company insiders own 48.35% of the company's stock.

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.