Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,604 shares of the company’s stock after selling 1,932 shares during the quarter. Sei Investments Co. owned 0.48% of Goosehead Insurance worth $18,935,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GSHD. Louisiana State Employees Retirement System raised its holdings in shares of Goosehead Insurance by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock worth $1,265,000 after purchasing an additional 100 shares during the last quarter. Mechanics Bank Trust Department raised its stake in shares of Goosehead Insurance by 4.5% during the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after buying an additional 109 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Goosehead Insurance by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock valued at $1,444,000 after buying an additional 204 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Goosehead Insurance by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock worth $959,000 after buying an additional 210 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its holdings in Goosehead Insurance by 5.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company’s stock worth $507,000 after acquiring an additional 256 shares during the period.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $120.68 on Friday. 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 business has a 50 day simple moving average of $113.26 and a two-hundred day simple moving average of $107.97. The stock has a market capitalization of $4.48 billion, a P/E ratio of 167.61, a PEG ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a $5.91 dividend. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is presently 400.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on GSHD. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Truist Financial reaffirmed a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. UBS Group increased their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. 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 stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus price target of $109.10.

Insiders Place Their Bets

In related news, Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark Evan Jones sold 40,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the completion of the sale, the chairman now owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. The trade was a 50.66 % 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 in the last 90 days. 48.35% of the stock is owned by insiders.

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.