Great Lakes Advisors LLC Invests $8.74 Million in Goosehead Insurance, Inc (NASDAQ:GSHD)

Great Lakes Advisors LLC purchased a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 81,491 shares of the company’s stock, valued at approximately $8,737,000.

Other large investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new position in Goosehead Insurance in the 3rd quarter valued at approximately $2,134,000. Los Angeles Capital Management LLC purchased a new position in Goosehead Insurance in the 3rd quarter valued at approximately $780,000. Oppenheimer Asset Management Inc. grew its stake in Goosehead Insurance by 5.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,230 shares of the company’s stock valued at $3,593,000 after buying an additional 2,214 shares in the last quarter. Natixis Advisors LLC grew its stake in Goosehead Insurance by 2.4% in the 3rd quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock valued at $6,445,000 after buying an additional 1,688 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Goosehead Insurance by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company’s stock valued at $2,114,000 after buying an additional 2,714 shares in the last quarter.

Insider Transactions at Goosehead Insurance

In other news, Chairman Mark Evan Jones sold 40,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the completion of the sale, the chairman now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,600 shares of company stock valued at $32,050,914. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Up 0.5 %

GSHD opened at $117.38 on Thursday. The company has a fifty day moving average price of $110.86 and a 200-day moving average price of $105.70. The firm has a market capitalization of $4.36 billion, a P/E ratio of 163.03, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39.

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 issued a dividend of $5.91 per share. This is an increase 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%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GSHD shares. Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. 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 research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. TD Cowen lifted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Bank of America boosted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.