Polen Capital Management LLC Decreases Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Polen Capital Management LLC decreased its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,310 shares of the company’s stock after selling 21,548 shares during the quarter. Polen Capital Management LLC owned about 0.23% of Goosehead Insurance worth $9,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GSHD. State Street Corp lifted its position in Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after buying an additional 185,037 shares in the last quarter. Wasatch Advisors LP lifted its position in Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after buying an additional 138,571 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Goosehead Insurance during the fourth quarter worth $8,737,000. SG Americas Securities LLC increased its stake in Goosehead Insurance by 885.5% during the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock worth $5,539,000 after acquiring an additional 46,420 shares during the last quarter. Finally, Alberta Investment Management Corp increased its stake in Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after acquiring an additional 25,595 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on GSHD shares. TD Cowen raised their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. 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 note on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, Bank of America raised their target price 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average price target of $109.10.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. This represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 265,100 shares of company stock worth $32,110,974 in the last quarter. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $113.10 on Monday. The stock’s 50-day moving average is $111.12 and its two-hundred day moving average is $106.26. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 157.09, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. 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 400.00%.

About Goosehead Insurance

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.