Motley Fool Wealth Management LLC Cuts Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Motley Fool Wealth Management LLC decreased its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,696 shares of the company’s stock after selling 80,462 shares during the period. Motley Fool Wealth Management LLC’s holdings in Goosehead Insurance were worth $12,263,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance in the third quarter worth $63,000. Kestra Investment Management LLC purchased a new stake in Goosehead Insurance in the fourth quarter worth $63,000. Smartleaf Asset Management LLC lifted its position in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after buying an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Goosehead Insurance by 73.6% during 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 period.

Goosehead Insurance Price Performance

GSHD stock opened at $121.30 on Wednesday. The firm has a 50 day simple moving average of $112.97 and a two-hundred day simple moving average of $107.80. The stock has a market cap of $4.50 billion, a PE ratio of 168.47, a P/E/G ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a one year low of $50.47 and a one 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.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders 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 (DPR) is presently 400.00%.

Insiders Place Their Bets

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $16,290,838.41. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 265,100 shares of company stock valued at $32,110,974 over the last 90 days. Insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

GSHD has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. UBS Group lifted their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Truist Financial restated a “hold” rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lifted their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. One research 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.10.

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.