Mutual of America Capital Management LLC Sells 47,681 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Mutual of America Capital Management LLC lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 92.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,695 shares of the company’s stock after selling 47,681 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Goosehead Insurance were worth $396,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Goosehead Insurance during the fourth quarter valued at $39,000. Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $63,000. GAMMA Investing LLC grew its stake in Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the 3rd quarter worth $63,000. Finally, Quest Partners LLC bought a new stake in Goosehead Insurance during the 3rd quarter valued at $81,000.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 264,600 shares of company stock worth $32,050,914. 38.03% of the stock is owned by corporate insiders.

Goosehead Insurance Stock Down 0.1 %

Goosehead Insurance stock opened at $117.24 on Monday. 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 $4.35 billion, a price-to-earnings ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. The business has a fifty day moving average price of $110.22 and a 200-day moving average price of $105.11. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial reissued a “hold” rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. BMO Capital Markets increased their target price 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. UBS Group boosted their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.10.

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.