Quantbot Technologies LP Purchases 5,004 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Quantbot Technologies LP increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 104.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,782 shares of the company’s stock after buying an additional 5,004 shares during the quarter. Quantbot Technologies LP’s holdings in Goosehead Insurance were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in Goosehead Insurance during the third quarter worth $63,000. Kestra Investment Management LLC bought a new position in shares of Goosehead Insurance in the fourth quarter valued at $63,000. Smartleaf Asset Management LLC lifted its stake in shares of Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after buying an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $65,000 after buying an additional 257 shares during the last quarter.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones bought 1,010 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the transaction, the chief financial officer now directly owns 2,342 shares of the company’s stock, valued at $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated 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 owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 265,100 shares of company stock worth $32,110,974 in the last quarter. Insiders own 48.35% of the company’s stock.

Analysts Set New Price Targets

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

Goosehead Insurance Price Performance

GSHD opened at $121.30 on Wednesday. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm has a 50-day moving average of $112.97 and a 200 day moving average of $107.80. 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 firm has a market cap of $4.50 billion, a P/E ratio of 168.47, a PEG ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders 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 of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is currently 400.00%.

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.