Oppenheimer Asset Management Inc. Has $3.88 Million Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. decreased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,201 shares of the company’s stock after selling 4,029 shares during the period. Oppenheimer Asset Management Inc. owned about 0.10% of Goosehead Insurance worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Goosehead Insurance by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock valued at $1,265,000 after purchasing an additional 100 shares in the last quarter. Mechanics Bank Trust Department lifted its position in shares of Goosehead Insurance by 4.5% during 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 last quarter. New York State Teachers Retirement System boosted its stake 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 buying an additional 204 shares in the last quarter. Los Angeles Capital Management LLC grew its position 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 raised its stake in Goosehead Insurance by 5.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company’s stock worth $507,000 after acquiring an additional 256 shares in the last quarter.

Goosehead Insurance Trading Up 1.3 %

Shares of GSHD stock opened at $123.21 on Friday. The stock has a 50-day moving average of $108.66 and a 200-day moving average of $103.69. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 171.13, a PEG ratio of 5.17 and a beta of 1.43. 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 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. 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 dividend payout ratio (DPR) is presently 400.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GSHD shares. Bank of America raised their price target 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. Keefe, Bruyette & Woods boosted 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. TD Cowen increased their price target on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.10.

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.