Natixis Advisors LLC Trims Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Natixis Advisors LLC cut its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,819 shares of the company's stock after selling 6,352 shares during the period. Natixis Advisors LLC owned approximately 0.18% of Goosehead Insurance worth $7,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GSHD. R Squared Ltd acquired a new stake in Goosehead Insurance in the fourth quarter worth $39,000. Kestra Investment Management LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $63,000. GAMMA Investing LLC increased its position in Goosehead Insurance by 73.6% in 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Goosehead Insurance in the third quarter worth approximately $63,000.

Insiders Place Their Bets

In other news, Chairman Mark Evan Jones sold 40,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the sale, the chairman now directly owns 38,951 shares in the company, valued at $4,636,727.04. This trade represents a 50.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company's stock, valued at $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. Over the last 90 days, insiders sold 265,100 shares of company stock worth $32,110,974. 48.35% of the stock is owned by corporate insiders.

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Goosehead Insurance Trading Up 1.4 %

GSHD traded up $1.72 during midday trading on Tuesday, reaching $121.30. 200,701 shares of the company's stock traded hands, compared to its average volume of 282,957. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 168.47, a P/E/G ratio of 5.17 and a beta of 1.49. The firm has a fifty day moving average of $112.68 and a two-hundred day moving average of $107.55. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. 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 company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a $5.91 dividend. 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 dividend payout ratio is currently 400.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GSHD shares. Bank of America boosted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. 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 report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, UBS Group increased their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $109.10.

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.