O Shaughnessy Asset Management LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,061 shares of the company's stock, valued at approximately $328,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its stake in Goosehead Insurance by 312.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock valued at $11,754,000 after buying an additional 83,028 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Goosehead Insurance by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after buying an additional 254 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Goosehead Insurance in the fourth quarter valued at $148,000. Vanguard Group Inc. increased its holdings in Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after buying an additional 19,980 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in Goosehead Insurance during the fourth quarter worth $251,000.
Goosehead Insurance Price Performance
GSHD traded down $4.13 during trading on Wednesday, hitting $107.17. 87,034 shares of the stock traded hands, compared to its average volume of 277,511. The business has a 50 day moving average price of $115.11 and a 200 day moving average price of $110.60. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 148.85, a PEG ratio of 5.17 and a beta of 1.48. 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, Inc has a twelve month low of $50.47 and a twelve month high of $130.39.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Piper Sandler cut their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. UBS Group boosted their target price 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 reiterated a "hold" rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Bank of America increased their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $110.10.
Get Our Latest Stock Report on Goosehead Insurance
Insider Activity at Goosehead Insurance
In related news, CFO Mark E. Jr. Jones bought 1,010 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, 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. In the last three months, insiders have sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is owned by insiders.
About Goosehead Insurance
(
Free Report)
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.
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