Russell Investments Group Ltd. Has $5.19 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Russell Investments Group Ltd. lowered its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 29.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 48,423 shares of the company’s stock after selling 20,042 shares during the period. Russell Investments Group Ltd.’s holdings in Goosehead Insurance were worth $5,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Goosehead Insurance by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,990 shares of the company’s stock valued at $12,865,000 after buying an additional 2,471 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $838,000. Integrated Quantitative Investments LLC bought a new position in Goosehead Insurance during the 4th quarter worth approximately $965,000. Systematic Alpha Investments LLC acquired a new position in Goosehead Insurance during the fourth quarter valued at approximately $214,000. Finally, Trexquant Investment LP increased its stake in Goosehead Insurance by 47.0% in the fourth quarter. Trexquant Investment LP now owns 22,542 shares of the company’s stock valued at $2,417,000 after purchasing an additional 7,204 shares in the last quarter.

Goosehead Insurance Trading Up 1.9 %

NASDAQ:GSHD opened at $110.99 on Tuesday. The company has a market cap of $4.14 billion, a P/E ratio of 154.15, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $130.39. The business has a 50 day moving average price of $115.03 and a two-hundred day moving average price of $110.60. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the transaction, the chairman now owns 38,951 shares of the company’s stock, valued at $4,636,727.04. The trade was a 50.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the sale, the insider now owns 132,349 shares in the company, valued at approximately $15,897,761.88. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 308,812 shares of company stock valued at $37,392,258 over the last 90 days. 48.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of 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 research report on Tuesday, February 25th. Bank of America raised 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. Keefe, Bruyette & Woods boosted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Finally, Piper Sandler cut their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $110.10.

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.