Sei Investments Co. Trims Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Sei Investments Co. trimmed its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,604 shares of the company’s stock after selling 1,932 shares during the quarter. Sei Investments Co.’s holdings in Goosehead Insurance were worth $18,935,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wasatch Advisors LP lifted its holdings in Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after acquiring an additional 138,571 shares during the last quarter. State Street Corp raised its position in Goosehead Insurance by 21.2% in the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after purchasing an additional 185,037 shares during the period. American Century Companies Inc. lifted its stake in shares of Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after purchasing an additional 220,267 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after purchasing an additional 5,969 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after purchasing an additional 5,459 shares during the last quarter.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now owns 132,349 shares in the company, valued at approximately $15,897,761.88. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark Evan Jones sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the sale, the chairman now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 308,812 shares of company stock valued at $37,392,258. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $120.68 on Friday. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The stock has a market capitalization of $4.48 billion, a PE ratio of 167.61, a PEG ratio of 5.17 and a beta of 1.49. 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 stock has a 50-day simple moving average of $113.26 and a 200-day simple moving average of $107.97.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. 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%.

Analysts Set New Price Targets

GSHD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. UBS Group boosted their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods raised 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. Finally, Truist Financial reaffirmed 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. One 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 an average rating of “Hold” and a consensus price target of $109.10.

Goosehead Insurance 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.