Segall Bryant & Hamill LLC Reduces Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Segall Bryant & Hamill LLC lessened its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,612 shares of the company’s stock after selling 1,079 shares during the period. Segall Bryant & Hamill LLC owned about 0.22% of Goosehead Insurance worth $8,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GSHD. Geode Capital Management LLC raised its holdings in shares of Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after acquiring an additional 5,969 shares in the last quarter. Alberta Investment Management Corp increased its position in Goosehead Insurance by 232.8% during the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after purchasing an additional 25,595 shares during the period. BNP Paribas Financial Markets increased its position in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after purchasing an additional 12,759 shares during the period. Principal Financial Group Inc. raised its holdings in Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after purchasing an additional 4,333 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Goosehead Insurance in the 4th quarter worth about $247,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on GSHD shares. JPMorgan Chase & Co. boosted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. UBS Group upped their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods increased their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Bank of America lifted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Finally, Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $109.10.

Goosehead Insurance Trading Down 2.1 %

Goosehead Insurance stock opened at $118.75 on Thursday. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 164.93, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The business’s fifty day simple moving average is $113.13 and its two-hundred day simple moving average is $107.88. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance Increases Dividend

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

Insider Activity at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total transaction of $60,060.00. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $15,897,761.88. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following 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. In the last ninety days, insiders have sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is owned by insiders.

Goosehead Insurance Company 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.