Swiss National Bank Trims Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Swiss National Bank trimmed its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,200 shares of the company’s stock after selling 1,700 shares during the quarter. Swiss National Bank owned about 0.12% of Goosehead Insurance worth $4,846,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. 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 valued at $57,476,000 after acquiring an additional 5,969 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after purchasing an additional 25,595 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Goosehead Insurance by 135.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after purchasing an additional 12,759 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Goosehead Insurance by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after purchasing an additional 4,333 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth about $247,000.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now owns 132,349 shares in the company, valued at approximately $15,897,761.88. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark Evan Jones sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the sale, the chairman now owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. The trade was a 50.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 265,100 shares of company stock valued at $32,110,974. Insiders own 48.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GSHD shares. Keefe, Bruyette & Woods increased their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. UBS Group increased their price objective 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. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Finally, Truist Financial reissued a “hold” rating and set a $90.00 target price (up previously 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $109.10.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $119.58 on Tuesday. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The stock has a market capitalization of $4.44 billion, a PE ratio of 166.09, a PEG ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a 50-day simple moving average of $112.68 and a 200-day simple moving average of $107.55.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s 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.