Goosehead Insurance, Inc (NASDAQ:GSHD) Stake Reduced by Trust Point Inc.

Trust Point Inc. reduced its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 46.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance in the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC increased its position in Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares during the period. R Squared Ltd acquired a new stake in Goosehead Insurance in the 4th quarter valued at approximately $39,000. Blue Trust Inc. increased its position in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in Goosehead Insurance in the 3rd quarter valued at approximately $60,000.

Wall Street Analyst Weigh In

Several research firms recently commented on GSHD. TD Cowen raised their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. JMP Securities increased their price target on Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets increased their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Piper Sandler increased their price target on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.20.

Goosehead Insurance Stock Performance

GSHD opened at $106.15 on Thursday. The firm has a market cap of $3.94 billion, a PE ratio of 147.43, a P/E/G ratio of 5.03 and a beta of 1.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The business has a fifty day simple moving average of $110.09 and a 200-day simple moving average of $99.95. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39.

Goosehead Insurance Increases Dividend

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