O Shaughnessy Asset Management LLC Acquires New Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

O Shaughnessy Asset Management LLC acquired a new position in Goosehead Insurance, Inc (NASDAQ:GSHD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,061 shares of the company’s stock, valued at approximately $328,000.

A number of other hedge funds also recently bought and sold shares of GSHD. R Squared Ltd purchased a new stake in shares of Goosehead Insurance during the 4th quarter worth $39,000. Kestra Investment Management LLC bought a new position in Goosehead Insurance in the fourth quarter worth about $63,000. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after buying an additional 257 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Goosehead Insurance by 462.7% in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Goosehead Insurance in the 3rd quarter worth approximately $63,000.

Insiders Place Their Bets

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84. Following the sale, the insider now directly owns 132,349 shares in the company, valued at $15,990,406.18. This represents a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,812 shares of company stock valued at $37,392,258. 37.76% of the stock is owned by insiders.

Goosehead Insurance Trading Down 1.9 %

Shares of NASDAQ:GSHD opened at $108.97 on Friday. The business has a 50-day moving average price of $114.94 and a 200-day moving average price of $110.30. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 151.35, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Wall Street Analyst Weigh In

GSHD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler decreased their price objective on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group boosted their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.10.

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.