FourThought Financial Partners LLC Decreases Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

FourThought Financial Partners LLC cut its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,133 shares of the company’s stock after selling 1,327 shares during the quarter. FourThought Financial Partners LLC’s holdings in Goosehead Insurance were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective 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. TD Cowen raised their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. 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. Finally, Piper Sandler boosted their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $99.20.

Goosehead Insurance Stock Down 1.0 %

Goosehead Insurance stock opened at $105.65 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm 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 business has a fifty day moving average of $107.58 and a two-hundred day moving average of $102.73.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio is currently 638.89%.

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.