Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 17.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,153 shares of the company’s stock after selling 2,419 shares during the period. WINTON GROUP Ltd’s holdings in Goosehead Insurance were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GSHD. R Squared Ltd bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $39,000. Kestra Investment Management LLC bought a new stake in Goosehead Insurance during the fourth quarter valued at $63,000. GAMMA Investing LLC raised its holdings in shares of Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after buying an additional 509 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $63,000.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several research reports. Truist Financial reiterated a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. UBS Group upped their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $109.10.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $2,412,564.00. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at $16,290,838.41. This represents a 12.90 % decrease in their position. 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.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $118.40 on Friday. The firm’s 50-day simple moving average is $113.42 and its 200 day simple moving average is $108.19. The stock has a market cap of $4.39 billion, a P/E ratio of 164.45, a P/E/G ratio of 5.17 and a beta of 1.49. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $5.91 per share. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s payout ratio is 400.00%.

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.