King Luther Capital Management Corp Sells 24,776 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

King Luther Capital Management Corp lowered its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 16.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,483 shares of the company’s stock after selling 24,776 shares during the period. King Luther Capital Management Corp’s holdings in Goosehead Insurance were worth $13,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after purchasing an additional 138,571 shares in the last quarter. State Street Corp raised its holdings in Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after buying an additional 185,037 shares during the last quarter. Geode Capital Management LLC boosted its position in Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after acquiring an additional 5,459 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock valued at $12,744,000 after acquiring an additional 4,333 shares during the period.

Goosehead Insurance Stock Up 0.2 %

Shares of NASDAQ:GSHD opened at $116.79 on Wednesday. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. 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 business’s 50-day moving average is $110.66 and its 200-day moving average is $105.62. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 162.21, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is 400.00%.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the 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 owns 132,349 shares of the company’s stock, valued at $16,290,838.41. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,600 shares of company stock worth $32,050,914. Corporate insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GSHD. Keefe, Bruyette & Woods lifted their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, TD Cowen lifted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.