Virtu Financial LLC Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Virtu Financial LLC acquired a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the 4th quarter, Holdings Channel reports. The fund acquired 3,555 shares of the company’s stock, valued at approximately $381,000.

Several other hedge funds have also recently added to or reduced their stakes in GSHD. Geode Capital Management LLC increased its position in Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 shares during the period. Alberta Investment Management Corp increased its position in Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after acquiring an additional 25,595 shares during the period. BNP Paribas Financial Markets raised its stake in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after purchasing an additional 12,759 shares during the last quarter. Principal Financial Group Inc. grew its position in Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after purchasing an additional 4,333 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Goosehead Insurance in the 4th quarter worth $247,000.

Goosehead Insurance Trading Down 2.1 %

Shares of Goosehead Insurance stock opened at $118.75 on Thursday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The stock has a market capitalization of $4.41 billion, a P/E ratio of 164.93, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company has a 50-day simple moving average of $113.13 and a 200 day simple moving average of $107.88. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is 400.00%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Thomas Mcconnon sold 205,000 shares of the 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 owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company’s stock, valued at $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. Insiders have sold a total of 308,812 shares of company stock worth $37,392,258 in the last three months. Insiders own 48.35% of the company’s stock.

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.