Integrated Quantitative Investments LLC Makes New $965,000 Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Integrated Quantitative Investments LLC acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,000 shares of the company’s stock, valued at approximately $965,000.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its holdings in Goosehead Insurance by 54.8% in the 3rd quarter. FMR LLC now owns 1,446 shares of the company’s stock valued at $129,000 after purchasing an additional 512 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Goosehead Insurance by 135.1% during the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock worth $1,982,000 after acquiring an additional 12,759 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Goosehead Insurance by 20.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,141 shares of the company’s stock worth $370,000 after acquiring an additional 714 shares during the period. Verition Fund Management LLC acquired a new position in Goosehead Insurance in the 3rd quarter valued at $616,000. Finally, Atom Investors LP purchased a new position in shares of Goosehead Insurance during the 3rd quarter worth $206,000.

Goosehead Insurance Trading Down 0.8 %

Shares of NASDAQ GSHD opened at $120.87 on Friday. The firm has a market capitalization of $4.49 billion, a PE ratio of 167.88, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. 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 business has a 50-day moving average price of $114.56 and a two-hundred day moving average price of $109.18.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given 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 dividend payout ratio (DPR) is currently 400.00%.

Insider Buying and Selling

In other news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated 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 transaction, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 308,812 shares of company stock valued at $37,392,258. Company insiders own 48.35% of the company’s stock.

Analysts Set New Price Targets

GSHD has been the topic of several recent analyst reports. UBS Group increased their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. 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. Bank of America lifted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods upped their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Truist Financial restated a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.