Smartleaf Asset Management LLC Raises Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Smartleaf Asset Management LLC lifted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 462.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 619 shares of the company’s stock after acquiring an additional 509 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Goosehead Insurance were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. State of New Jersey Common Pension Fund D acquired a new position in Goosehead Insurance during the 3rd quarter worth $2,134,000. Los Angeles Capital Management LLC purchased a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $780,000. Oppenheimer Asset Management Inc. grew its position in shares of Goosehead Insurance by 5.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 40,230 shares of the company’s stock worth $3,593,000 after buying an additional 2,214 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Goosehead Insurance by 2.4% during the third quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock worth $6,445,000 after buying an additional 1,688 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Goosehead Insurance by 13.0% in the 3rd 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 last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GSHD. Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. UBS Group upped their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Bank of America upped their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets raised their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.10.

Insider Buying and Selling

In related news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,600 shares of company stock worth $32,050,914 in the last 90 days. Company insiders own 38.03% of the company’s stock.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $117.24 on Monday. The stock has a market cap of $4.35 billion, a P/E ratio of 162.84, a P/E/G ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39. The stock has a 50 day moving average of $110.22 and a two-hundred day moving average of $105.11. 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 declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a $5.91 dividend. This is an increase 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 400.00%.

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.