Mutual of America Capital Management LLC Lowers Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Mutual of America Capital Management LLC lessened its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 92.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,695 shares of the company's stock after selling 47,681 shares during the quarter. Mutual of America Capital Management LLC's holdings in Goosehead Insurance were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GSHD. Geode Capital Management LLC raised its stake in shares of Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock valued at $57,476,000 after acquiring an additional 5,969 shares during the last quarter. Alberta Investment Management Corp raised its position in Goosehead Insurance by 232.8% during the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock worth $3,923,000 after purchasing an additional 25,595 shares during the last quarter. BNP Paribas Financial Markets raised its position in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company's stock worth $1,982,000 after purchasing an additional 12,759 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Goosehead Insurance by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock worth $12,744,000 after buying an additional 4,333 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $247,000.

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on GSHD shares. Bank of America raised their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. TD Cowen upped their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods increased their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets lifted their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. 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 company presently has an average rating of "Hold" and a consensus target price of $109.10.

Goosehead Insurance Stock Up 0.5 %

Shares of Goosehead Insurance stock traded up $0.59 during trading on Wednesday, reaching $117.38. 274,272 shares of the company traded hands, compared to its average volume of 269,423. The firm has a market capitalization of $4.36 billion, a PE ratio of 163.03, a P/E/G ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The company has a 50 day moving average price of $110.86 and a 200-day moving average price of $105.70. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's dividend payout ratio is currently 400.00%.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,600 shares of company stock valued at $32,050,914 in the last 90 days. 48.35% of the stock is currently owned by corporate insiders.

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.