Jacobson & Schmitt Advisors LLC Reduces Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Jacobson & Schmitt Advisors LLC cut its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 15.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 119,632 shares of the company’s stock after selling 22,010 shares during the quarter. Goosehead Insurance accounts for about 2.5% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 18th largest position. Jacobson & Schmitt Advisors LLC’s holdings in Goosehead Insurance were worth $12,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance in the third quarter valued at about $29,000. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at about $39,000. Blue Trust Inc. lifted its position in shares of Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Goosehead Insurance in the third quarter valued at about $60,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Goosehead Insurance in the third quarter valued at about $63,000.

Analyst Ratings Changes

Several equities analysts have recently commented on GSHD shares. Royal Bank of Canada boosted their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JMP Securities lifted their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Piper Sandler lifted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. TD Cowen lifted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $99.20.

Goosehead Insurance Trading Down 2.2 %

Shares of NASDAQ GSHD opened at $114.68 on Thursday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The business’s 50 day moving average price is $108.05 and its 200-day moving average price is $102.12. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 159.28, a PEG ratio of 5.40 and a beta of 1.43.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a $5.91 dividend. 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 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.