Trexquant Investment LP increased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,542 shares of the company's stock after purchasing an additional 7,204 shares during the period. Trexquant Investment LP owned 0.06% of Goosehead Insurance worth $2,417,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $39,000. Kestra Investment Management LLC purchased a new stake in Goosehead Insurance during the 4th quarter worth about $63,000. GAMMA Investing LLC raised its stake 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 purchasing an additional 257 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after purchasing an additional 509 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance during the 3rd quarter worth about $63,000.
Goosehead Insurance Trading Down 1.9 %
Shares of NASDAQ GSHD traded down $2.06 during midday trading on Friday, hitting $108.97. The stock had a trading volume of 251,495 shares, compared to its average volume of 279,031. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 151.35, a PEG ratio of 5.17 and a beta of 1.48. The company has a fifty day moving average price of $114.94 and a 200 day moving average price of $110.30.
Insider Activity at Goosehead Insurance
In related news, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the stock in a transaction on 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 directly owns 132,349 shares in the company, valued at approximately $15,990,406.18. This represents a 24.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the transaction, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 308,812 shares of company stock worth $37,392,258. Company insiders own 37.76% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GSHD. UBS Group boosted their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Truist Financial reiterated a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, Bank of America raised their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. One investment 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, Goosehead Insurance has an average rating of "Hold" and a consensus price target of $110.10.
Check Out Our Latest Analysis on GSHD
Goosehead Insurance Profile
(
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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