Victory Capital Management Inc. Sells 1,336 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Victory Capital Management Inc. trimmed its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,766 shares of the company’s stock after selling 1,336 shares during the quarter. Victory Capital Management Inc.’s holdings in Goosehead Insurance were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GSHD. R Squared Ltd bought a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $39,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $63,000. GAMMA Investing LLC grew its position in shares of 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 buying an additional 257 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after buying an additional 509 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $63,000.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $15,897,761.88. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares of the company’s stock, valued at approximately $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 265,100 shares of company stock worth $32,110,974. 48.35% of the stock is owned by insiders.

Goosehead Insurance Stock Up 0.7 %

Shares of NASDAQ:GSHD opened at $115.32 on Friday. The stock has a fifty day simple moving average of $112.00 and a two-hundred day simple moving average of $106.80. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 160.17, a PEG 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 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 business 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. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 400.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GSHD shares. Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. UBS Group raised their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised 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. Finally, Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and a consensus target price of $109.10.

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.