Trexquant Investment LP Increases Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Trexquant Investment LP raised its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 47.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,542 shares of the company’s stock after purchasing an additional 7,204 shares during the period. Trexquant Investment LP owned about 0.06% of Goosehead Insurance worth $2,417,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Goosehead Insurance by 54.8% in the third quarter. FMR LLC now owns 1,446 shares of the company’s stock valued at $129,000 after purchasing an additional 512 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Goosehead Insurance by 20.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,141 shares of the company’s stock worth $370,000 after purchasing an additional 714 shares during the last quarter. Verition Fund Management LLC purchased a new position in Goosehead Insurance during the third quarter worth approximately $616,000. HighTower Advisors LLC boosted its holdings in shares of Goosehead Insurance by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock valued at $448,000 after purchasing an additional 276 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Goosehead Insurance by 4.0% in the third quarter. Janus Henderson Group PLC now owns 21,970 shares of the company’s stock valued at $1,964,000 after acquiring an additional 844 shares during the last quarter.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $105.29 on Tuesday. The company has a market cap of $3.91 billion, a P/E ratio of 146.24, a P/E/G ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a fifty day simple moving average of $114.70 and a 200 day simple moving average of $109.74.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $5.91 per share. 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 payout ratio is 400.00%.

Insider Activity at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones purchased 1,010 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction on 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. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock worth $37,392,258 in the last ninety days. 48.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective 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. UBS Group lifted their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, Bank of America upped their price objective 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 assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $109.10.

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.