Trust Point Inc. Has $428,000 Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Trust Point Inc. lessened its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 46.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,988 shares of the company’s stock after selling 3,520 shares during the quarter. Trust Point Inc.’s holdings in Goosehead Insurance were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GSHD. Marshall Wace LLP acquired a new stake in shares of Goosehead Insurance in the second quarter worth $436,000. The Manufacturers Life Insurance Company boosted its position in shares of Goosehead Insurance by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,551 shares of the company’s stock worth $721,000 after buying an additional 902 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Goosehead Insurance in the third quarter worth $468,000. Handelsbanken Fonder AB boosted its position in shares of Goosehead Insurance by 94.4% in the third quarter. Handelsbanken Fonder AB now owns 7,000 shares of the company’s stock worth $625,000 after buying an additional 3,400 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after buying an additional 231 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently commented on GSHD. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. JMP Securities increased their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.20.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $106.15 on Thursday. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The stock’s 50-day moving average is $110.09 and its two-hundred day moving average is $99.95. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $3.94 billion, a P/E ratio of 147.43, a price-to-earnings-growth ratio of 5.03 and a beta of 1.43.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given 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 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.