Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 42.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 85,722 shares of the company’s stock after selling 61,998 shares during the period. Motley Fool Asset Management LLC’s holdings in Goosehead Insurance were worth $9,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after acquiring an additional 19,980 shares in the last quarter. State Street Corp increased its holdings in shares of Goosehead Insurance by 21.2% during the 3rd 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 in the last quarter. American Century Companies Inc. increased its holdings in shares of Goosehead Insurance by 51.4% during 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after purchasing an additional 5,969 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Goosehead Insurance by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after buying an additional 5,459 shares in the last quarter.

Insider Transactions at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction that occurred 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 transaction, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $15,990,406.18. This trade represents a 24.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,812 shares of company stock valued at $37,392,258 over the last 90 days. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD opened at $121.83 on Thursday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The firm has a market capitalization of $4.52 billion, a PE ratio of 169.21, a P/E/G ratio of 5.17 and a beta of 1.49. The business’s 50 day moving average price is $114.18 and its 200-day moving average price is $109.09.

Goosehead Insurance Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid 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%.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Truist Financial restated a “hold” rating and issued a $90.00 price target (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. 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. Finally, JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and a consensus price target of $109.10.

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.