Mutual of America Capital Management LLC Cuts Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Mutual of America Capital Management LLC decreased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 92.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,695 shares of the company’s stock after selling 47,681 shares during the period. Mutual of America Capital Management LLC’s holdings in Goosehead Insurance were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. State of New Jersey Common Pension Fund D purchased a new stake in shares of Goosehead Insurance in the 3rd quarter valued at approximately $2,134,000. Los Angeles Capital Management LLC acquired a new stake in shares of Goosehead Insurance during the third quarter valued at about $780,000. Oppenheimer Asset Management Inc. raised its stake in shares of Goosehead Insurance by 5.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,230 shares of the company’s stock valued at $3,593,000 after acquiring an additional 2,214 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Goosehead Insurance by 2.4% in the 3rd quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock worth $6,445,000 after acquiring an additional 1,688 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Goosehead Insurance by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company’s stock worth $2,114,000 after buying an additional 2,714 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GSHD. Truist Financial reiterated a “hold” rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Bank of America upped their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. TD Cowen increased their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets boosted their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.10.

Goosehead Insurance Trading Down 0.1 %

NASDAQ:GSHD opened at $117.24 on Monday. The stock has a fifty day moving average price of $110.22 and a two-hundred day moving average price of $105.11. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently announced 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 payout ratio is presently 400.00%.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones bought 1,010 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price 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 of the company’s stock, valued at $276,402.84. The trade was a 75.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 264,600 shares of company stock worth $32,050,914. 38.03% of the stock is owned by corporate insiders.

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.