Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,499,479 shares of the company’s stock after acquiring an additional 19,980 shares during the quarter. Vanguard Group Inc. owned about 6.74% of Goosehead Insurance worth $267,994,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Louisiana State Employees Retirement System increased its position in Goosehead Insurance by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock worth $1,265,000 after purchasing an additional 100 shares during the last quarter. Mechanics Bank Trust Department raised its position in shares of Goosehead Insurance by 4.5% in the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after buying an additional 109 shares during the period. New York State Teachers Retirement System boosted its holdings in Goosehead Insurance by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock valued at $1,444,000 after acquiring an additional 204 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Goosehead Insurance by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock valued at $959,000 after acquiring an additional 210 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its position in Goosehead Insurance by 5.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company’s stock valued at $507,000 after acquiring an additional 256 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $15,897,761.88. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 over the last quarter. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Price Performance

GSHD opened at $107.72 on Friday. The company has a market capitalization of $4.00 billion, a P/E ratio of 149.61, a PEG ratio of 5.17 and a beta of 1.48. The company has a 50-day moving average of $114.69 and a 200-day moving average of $109.32. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently disclosed 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 positive change 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 400.00%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GSHD. JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Bank of America increased their target price 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, Keefe, Bruyette & Woods boosted their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.10.

About Goosehead Insurance

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.