Oppenheimer Asset Management Inc. Sells 4,029 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,201 shares of the company's stock after selling 4,029 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.10% of Goosehead Insurance worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP grew its holdings in Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock worth $233,872,000 after purchasing an additional 138,571 shares during the period. State Street Corp grew its holdings in Goosehead Insurance by 21.2% in the third quarter. State Street Corp now owns 1,059,298 shares of the company's stock worth $94,595,000 after purchasing an additional 185,037 shares during the period. Geode Capital Management LLC grew its holdings in Goosehead Insurance by 0.9% in the third 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 during the period. King Luther Capital Management Corp grew its holdings in Goosehead Insurance by 1.8% in the third quarter. King Luther Capital Management Corp now owns 146,259 shares of the company's stock worth $13,061,000 after purchasing an additional 2,607 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after purchasing an additional 4,333 shares during the period.

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Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD traded up $0.37 during mid-day trading on Wednesday, reaching $123.84. 231,970 shares of the company traded hands, compared to its average volume of 272,501. The company's 50 day moving average price is $109.35 and its 200-day moving average price is $104.34. The firm has a market cap of $4.60 billion, a PE ratio of 172.00, a PEG ratio of 5.17 and a beta of 1.49. 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 52 week low of $50.47 and a 52 week high of $130.39.

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. The ex-dividend date was Tuesday, January 21st. This is an increase from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's payout ratio is 400.00%.

Insider Activity at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was 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. The trade was 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, CFO Mark E. Jr. Jones purchased 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, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. 38.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a "hold" rating in a research report 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 company an "outperform" rating in a research report on Wednesday, February 26th. Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased 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. One research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $105.10.

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.