18,336 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Purchased by Amundi

Amundi purchased a new position in Goosehead Insurance, Inc (NASDAQ:GSHD) during the fourth quarter, HoldingsChannel reports. The fund purchased 18,336 shares of the company’s stock, valued at approximately $1,902,000.

A number of other institutional investors have also added to or reduced their stakes in GSHD. R Squared Ltd purchased 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 in the 4th quarter worth $63,000. GAMMA Investing LLC lifted its stake in Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Goosehead Insurance by 462.7% during 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Goosehead Insurance during the third quarter valued at about $63,000.

Goosehead Insurance Price Performance

GSHD stock opened at $116.03 on Tuesday. The stock has a market cap of $4.31 billion, a PE ratio of 161.16, a P/E/G ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a 50-day moving average price of $111.37 and a 200 day moving average price of $106.48. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

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 paid a dividend of $5.91 per share. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is currently 400.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen boosted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods increased their target price on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. UBS Group boosted their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. 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, Truist Financial reissued a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $109.10.

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $16,290,838.41. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares in the company, 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 three months, insiders have sold 265,100 shares of company stock worth $32,110,974. 48.35% of the stock is currently owned by company insiders.

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.