Quantbot Technologies LP Raises Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Quantbot Technologies LP boosted its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 104.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,782 shares of the company’s stock after purchasing an additional 5,004 shares during the quarter. Quantbot Technologies LP’s holdings in Goosehead Insurance were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 5.6% in the third 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. State Street Corp lifted its stake in Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after purchasing an additional 185,037 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after purchasing an additional 5,969 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock valued at $23,125,000 after purchasing an additional 5,459 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Goosehead Insurance by 3.8% in the fourth 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 period.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the sale, the director now owns 339,008 shares of the company’s stock, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 132,349 shares of the company’s stock, 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. Over the last quarter, insiders have sold 265,100 shares of company stock worth $32,110,974. Company insiders own 48.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GSHD shares. Keefe, Bruyette & Woods lifted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Bank of America raised their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Truist Financial reissued a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $109.10.

Goosehead Insurance Price Performance

GSHD stock opened at $121.30 on Wednesday. The firm has a market cap of $4.50 billion, a P/E ratio of 168.47, a P/E/G ratio of 5.17 and a beta of 1.49. The firm’s fifty day moving average is $112.97 and its 200 day moving average is $107.80. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. 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 Increases Dividend

The business also recently disclosed 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 was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

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.