Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC lowered its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,133 shares of the company’s stock after selling 1,327 shares during the period. FourThought Financial Partners LLC’s holdings in Goosehead Insurance were worth $1,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth about $39,000. Blue Trust Inc. lifted its stake in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after purchasing an additional 403 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance in the 3rd quarter valued at $63,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Goosehead Insurance during the 4th quarter worth $63,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GSHD shares. TD Cowen upped their price target on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets lifted their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Piper Sandler boosted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $99.20.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $105.65 on Tuesday. The stock has a 50 day moving average of $107.58 and a two-hundred day moving average of $102.73. The stock has a market cap of $3.92 billion, a P/E ratio of 146.74, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month 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.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Monday, February 24th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.17. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Goosehead Insurance Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid 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 dividend payout ratio is 638.89%.

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.