Equitable Trust Co. Has $787,000 Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Equitable Trust Co. decreased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,341 shares of the company’s stock after selling 977 shares during the period. Equitable Trust Co.’s holdings in Goosehead Insurance were worth $787,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Mechanics Bank Trust Department increased its holdings in Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after buying an additional 109 shares during the last quarter. GAMMA Investing LLC grew its holdings in Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. 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 valued at $507,000 after purchasing an additional 256 shares during the last quarter. HighTower Advisors LLC grew its holdings in Goosehead Insurance by 5.8% during the third 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, Whittier Trust Co. of Nevada Inc. acquired a new position in Goosehead Insurance during the third quarter valued at approximately $29,000.

Analysts Set New Price Targets

GSHD has been the topic of several analyst reports. Royal Bank of Canada increased their price target on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report 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 report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $77.00 to $90.00 and gave the company 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 company a “market outperform” rating in a research report on Thursday, October 24th. Finally, Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $99.20.

Goosehead Insurance Stock Down 1.9 %

Shares of GSHD stock opened at $110.25 on Tuesday. The stock has a market cap of $4.09 billion, a P/E ratio of 153.13, a price-to-earnings-growth ratio of 5.05 and a beta of 1.43. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. The stock has a fifty day moving average price of $109.17 and a 200 day moving average price of $100.98. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a $5.91 dividend. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio (DPR) is 638.89%.

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.