Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 104.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,782 shares of the company's stock after acquiring an additional 5,004 shares during the period. Quantbot Technologies LP's holdings in Goosehead Insurance were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of GSHD. Wasatch Advisors LP lifted its position in shares of Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock valued at $233,872,000 after buying an additional 138,571 shares during the last quarter. 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 last quarter. Geode Capital Management LLC increased its position 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 worth $57,476,000 after purchasing an additional 5,969 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock valued at $23,125,000 after purchasing an additional 5,459 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock worth $12,744,000 after purchasing an additional 4,333 shares in the last quarter.

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Goosehead Insurance Price Performance

NASDAQ GSHD traded down $2.28 during trading hours on Friday, reaching $118.40. The company's stock had a trading volume of 108,235 shares, compared to its average volume of 281,185. 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 1-year low of $50.47 and a 1-year high of $130.39. The company's 50-day moving average is $113.42 and its two-hundred day moving average is $108.38. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 164.45, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on GSHD. UBS Group raised their price target on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, Truist Financial reiterated a "hold" rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One research 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, the company currently has an average rating of "Hold" and an average price target of $109.10.

Insider Activity at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of the firm's stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $15,990,406.18. The trade was a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is owned by company insiders.

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.