Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC cut its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,696 shares of the company's stock after selling 80,462 shares during the period. Motley Fool Wealth Management LLC owned about 0.31% of Goosehead Insurance worth $12,263,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $39,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance during the 4th quarter worth $63,000. 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. Smartleaf Asset Management LLC raised its holdings in shares of Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after buying an additional 509 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance during the third quarter worth about $63,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GSHD shares. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. Truist Financial restated a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. 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. Finally, Keefe, Bruyette & Woods raised 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. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $109.10.

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Goosehead Insurance Price Performance

Shares of GSHD traded down $2.28 during trading hours on Friday, reaching $118.40. The company had a trading volume of 108,235 shares, compared to its average volume of 281,185. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The firm has a 50 day simple moving average of $113.42 and a 200-day simple moving average of $108.38. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 164.45, a PEG ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a $5.91 dividend. This is an increase from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance's dividend payout ratio (DPR) is presently 400.00%.

Insider Activity at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones bought 1,010 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares of the company's stock, valued at approximately $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at $16,290,838.41. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,812 shares of company stock valued at $37,392,258 in the last ninety days. Corporate 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.