Goosehead Insurance, Inc (NASDAQ:GSHD) Holdings Decreased by Equitable Trust Co.

Equitable Trust Co. reduced its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,341 shares of the company’s stock after selling 977 shares during the quarter. Equitable Trust Co.’s holdings in Goosehead Insurance were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GSHD. State Street Corp raised its stake in shares of Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after purchasing an additional 185,037 shares in the last quarter. Wasatch Advisors LP raised its position in Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after acquiring an additional 138,571 shares in the last quarter. SG Americas Securities LLC raised its position in Goosehead Insurance by 885.5% in the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock worth $5,539,000 after acquiring an additional 46,420 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Goosehead Insurance in the third quarter worth about $2,134,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Goosehead Insurance in the third quarter worth about $1,978,000.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several research reports. Piper Sandler boosted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Royal Bank of Canada boosted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. TD Cowen boosted their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, JMP Securities boosted their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.20.

Goosehead Insurance Trading Down 1.9 %

NASDAQ:GSHD opened at $110.25 on Tuesday. The stock has a market cap of $4.09 billion, a PE ratio of 153.13, a price-to-earnings-growth ratio of 5.05 and a beta of 1.43. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. 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 stock’s 50-day moving average is $109.17 and its two-hundred day moving average is $100.98.

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 issued a $5.91 dividend. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is currently 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.