Envestnet Asset Management Inc. Acquires 2,471 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Envestnet Asset Management Inc. raised its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,990 shares of the company’s stock after buying an additional 2,471 shares during the period. Envestnet Asset Management Inc.’s holdings in Goosehead Insurance were worth $12,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in Goosehead Insurance during the fourth quarter worth about $838,000. Integrated Quantitative Investments LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $965,000. Systematic Alpha Investments LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $214,000. Trexquant Investment LP grew its stake in shares of 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 buying an additional 7,204 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Goosehead Insurance by 18.5% during the fourth quarter. Alliancebernstein L.P. now owns 27,725 shares of the company’s stock worth $2,973,000 after buying an additional 4,335 shares during the last quarter.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $107.05 on Friday. The firm has a market cap of $3.99 billion, a P/E ratio of 148.68, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. The business’s 50 day moving average is $114.97 and its 200-day moving average is $110.71. 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.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated 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 completion of the sale, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. The trade was a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the business’s stock in a transaction on 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 acquisition, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 308,812 shares of company stock valued at $37,392,258 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GSHD has been the subject of a number of recent analyst reports. UBS Group increased their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Truist Financial reissued a “hold” rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Bank of America raised their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.