Intech Investment Management LLC Has $935,000 Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Intech Investment Management LLC raised its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,718 shares of the company’s stock after acquiring an additional 2,075 shares during the period. Intech Investment Management LLC’s holdings in Goosehead Insurance were worth $935,000 at the end of the most recent quarter.

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

Goosehead Insurance Trading Up 1.1 %

Shares of Goosehead Insurance stock opened at $116.54 on Monday. The stock has a market capitalization of $4.32 billion, a PE ratio of 161.86, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The stock has a 50 day moving average price of $112.36 and a two-hundred day moving average price of $107.32. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39.

Goosehead Insurance Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders 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 an increase from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is presently 400.00%.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total transaction of $60,060.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $15,897,761.88. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 265,100 shares of company stock worth $32,110,974 in the last quarter. Insiders own 48.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group increased their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Truist Financial reiterated a “hold” rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.