Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 25.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,893 shares of the company’s stock after selling 6,006 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Goosehead Insurance were worth $1,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in Goosehead Insurance by 5.6% during the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after acquiring an additional 138,571 shares during the period. State Street Corp raised its stake in shares of Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after purchasing an additional 185,037 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Goosehead Insurance by 0.9% in 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 during the period. King Luther Capital Management Corp grew its position in Goosehead Insurance by 1.8% in the 3rd quarter. King Luther Capital Management Corp now owns 146,259 shares of the company’s stock valued at $13,061,000 after buying an additional 2,607 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC increased its stake in Goosehead Insurance by 10.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock valued at $12,649,000 after buying an additional 13,594 shares during the period.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $105.65 on Tuesday. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market cap of $3.92 billion, a P/E ratio of 146.74, a PEG ratio of 5.17 and a beta of 1.43. The company’s 50-day simple moving average is $107.58 and its 200 day simple moving average is $102.73.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.17. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. As a group, research analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a $5.91 dividend. 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 payout ratio is currently 638.89%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GSHD. TD Cowen boosted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. One research 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 data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average price target of $99.20.

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.