Amundi Invests $1.90 Million in Goosehead Insurance, Inc (NASDAQ:GSHD)

Amundi bought a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,336 shares of the company’s stock, valued at approximately $1,902,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GSHD. Geode Capital Management LLC lifted 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 valued at $57,476,000 after acquiring an additional 5,969 shares during the period. Alberta Investment Management Corp increased its stake in shares of Goosehead Insurance by 232.8% during the fourth 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 in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Goosehead Insurance by 135.1% during the third 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 last quarter. Principal Financial Group Inc. boosted its position in shares of 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 approximately $247,000.

Goosehead Insurance Price Performance

Shares of GSHD opened at $116.03 on Tuesday. The firm has a fifty day simple moving average of $111.37 and a two-hundred day simple moving average of $106.48. The firm has a market cap of $4.31 billion, a PE ratio of 161.16, a P/E/G ratio of 5.17 and a beta of 1.49. 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, 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 disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $5.91 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio is 400.00%.

Insider Buying and Selling at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was 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 directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance 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 transaction, the insider now 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. Over the last 90 days, insiders have sold 265,100 shares of company stock valued at $32,110,974. 48.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on GSHD. Bank of America lifted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. TD Cowen lifted their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Truist Financial reiterated a “hold” rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.