3,555 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,555 shares of the company's stock, valued at approximately $381,000.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in shares of Goosehead Insurance by 13.0% in the third quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company's stock valued at $2,114,000 after purchasing an additional 2,714 shares during the period. Quest Partners LLC acquired a new position in Goosehead Insurance in the third quarter valued at approximately $81,000. Pathstone Holdings LLC grew its holdings in shares of Goosehead Insurance by 31.4% during the 3rd 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 during the period. Intech Investment Management LLC purchased a new position in Goosehead Insurance during the third quarter worth about $593,000. Finally, FMR LLC boosted its position in shares of Goosehead Insurance by 54.8% during the 3rd quarter. FMR LLC now owns 1,446 shares of the company's stock worth $129,000 after purchasing an additional 512 shares during the period.

Goosehead Insurance Stock Down 1.9 %

Shares of NASDAQ:GSHD traded down $2.28 during mid-day trading on Friday, hitting $118.40. 108,235 shares of the company traded hands, compared to its average volume of 281,185. The firm has a market cap of $4.39 billion, a P/E ratio of 164.45, a PEG ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The firm's 50 day simple moving average is $113.42 and its 200 day simple moving average is $108.57. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

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Goosehead Insurance Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Truist Financial reissued 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. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. UBS Group upped their price target 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. Finally, JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $109.10.

Insiders Place Their Bets

In related news, Director Thomas Mcconnon sold 205,000 shares of the 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 sale, the director now owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the business's stock in a transaction that occurred 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 acquisition, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 in the last three months. 48.35% of the stock is owned by insiders.

Goosehead Insurance Company 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.