Polen Capital Management LLC Sells 21,548 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Polen Capital Management LLC lowered its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,310 shares of the company's stock after selling 21,548 shares during the period. Polen Capital Management LLC owned 0.23% of Goosehead Insurance worth $9,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GSHD. Natixis Advisors LLC boosted its stake in Goosehead Insurance by 2.4% in the third quarter. Natixis Advisors LLC now owns 72,171 shares of the company's stock valued at $6,445,000 after acquiring an additional 1,688 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Goosehead Insurance by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company's stock worth $2,114,000 after purchasing an additional 2,714 shares in the last quarter. Quest Partners LLC bought a new position in shares of Goosehead Insurance during the third quarter worth $81,000. Pathstone Holdings LLC boosted its position in shares of Goosehead Insurance by 31.4% during the third quarter. Pathstone Holdings LLC now owns 15,681 shares of the company's stock worth $1,400,000 after purchasing an additional 3,747 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Goosehead Insurance during the third quarter worth $1,978,000.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded up $0.82 during midday trading on Thursday, hitting $115.32. 321,638 shares of the company were exchanged, compared to its average volume of 282,503. The firm has a market capitalization of $4.28 billion, a P/E ratio of 160.17, a PEG ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm's 50 day moving average price is $111.77 and its two-hundred day moving average price is $106.74. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39.

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Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $5.91 per share. 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 payout ratio is presently 400.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GSHD. TD Cowen raised their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. UBS Group raised their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. Truist Financial restated a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. One equities 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $109.10.

Insider Buying and Selling

In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,010 shares of the business's stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $118.02 per share, with a total value of $119,200.20. Following the acquisition, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at approximately $276,402.84. This trade represents a 75.83 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company's stock, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 265,100 shares of company stock valued at $32,110,974. Company 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.