State of New Jersey Common Pension Fund D Sells 6,006 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

State of New Jersey Common Pension Fund D decreased its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 25.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,893 shares of the company’s stock after selling 6,006 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Goosehead Insurance were worth $1,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSHD. R Squared Ltd bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $39,000. Blue Trust Inc. grew its holdings in Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the period. Financial Management Professionals Inc. bought a new stake in Goosehead Insurance in the third quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB acquired a new stake in Goosehead Insurance in the third quarter worth $63,000. Finally, GAMMA Investing LLC boosted 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 worth $65,000 after purchasing an additional 257 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on GSHD. Piper Sandler upped their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. TD Cowen boosted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and an average price target of $99.20.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $105.65 on Tuesday. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month 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. The stock’s 50-day simple moving average is $107.58 and its 200 day simple moving average is $102.73. The firm has a market capitalization of $3.92 billion, a PE ratio of 146.74, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.17. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. On average, analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a $5.91 dividend. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is presently 638.89%.

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.