Rhumbline Advisers Sells 412 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Rhumbline Advisers cut its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,234 shares of the company’s stock after selling 412 shares during the period. Rhumbline Advisers owned approximately 0.17% of Goosehead Insurance worth $6,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after buying an additional 185,037 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Goosehead Insurance by 5.6% in the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after acquiring an additional 138,571 shares during the period. SG Americas Securities LLC boosted its stake in Goosehead Insurance by 885.5% during the 4th quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock worth $5,539,000 after acquiring an additional 46,420 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Goosehead Insurance during the third quarter valued at approximately $2,134,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Goosehead Insurance in the third quarter valued at approximately $1,978,000.

Goosehead Insurance Stock Up 15.9 %

GSHD stock opened at $122.45 on Wednesday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $4.54 billion, a P/E ratio of 170.07, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The business has a 50-day moving average of $107.74 and a 200-day moving average of $103.00.

Goosehead Insurance Increases Dividend

The firm also recently declared 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 (DPR) is currently 638.89%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial reissued a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday. TD Cowen raised their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $100.80.

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.