Goosehead Insurance, Inc (NASDAQ:GSHD) Stake Reduced by Prudential Financial Inc.

Prudential Financial Inc. trimmed its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,408 shares of the company’s stock after selling 440 shares during the quarter. Prudential Financial Inc. owned approximately 0.07% of Goosehead Insurance worth $2,617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Goosehead Insurance by 0.9% in 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 lifted its stake in 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 buying an additional 25,595 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $1,982,000 after purchasing an additional 12,759 shares in the last quarter. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 4,333 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Goosehead Insurance during the fourth quarter valued at approximately $247,000.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the 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 transaction, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now owns 2,342 shares of the company’s stock, valued at $276,402.84. This trade represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 over the last 90 days. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $120.87 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a fifty day simple moving average of $114.56 and a 200 day simple moving average of $109.18. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The stock has a market capitalization of $4.49 billion, a PE ratio of 167.88, a P/E/G ratio of 5.17 and a beta of 1.48.

Goosehead Insurance Increases Dividend

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

Analyst Ratings Changes

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