Systematic Alpha Investments LLC Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Systematic Alpha Investments LLC purchased a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,000 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance in the 3rd quarter valued at $63,000. Kestra Investment Management LLC acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC boosted its stake in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after buying an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after acquiring an additional 257 shares during the last quarter.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90 % 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, CFO Mark E. Jr. Jones acquired 1,010 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $118.02 per share, with a total value of $119,200.20. Following the completion of the acquisition, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 308,812 shares of company stock valued at $37,392,258 over the last three months. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Stock Down 0.8 %

Shares of NASDAQ:GSHD opened at $120.87 on Friday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $4.49 billion, a P/E ratio of 167.88, a P/E/G ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The firm has a fifty day moving average price of $114.56 and a 200 day moving average price of $109.18.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $5.91 dividend. 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 (DPR) is 400.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GSHD shares. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Truist Financial reaffirmed a “hold” rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. UBS Group increased their price target 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. Bank of America boosted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $109.10.

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.