Alberta Investment Management Corp Boosts Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Alberta Investment Management Corp lifted its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 232.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,588 shares of the company’s stock after buying an additional 25,595 shares during the period. Alberta Investment Management Corp’s holdings in Goosehead Insurance were worth $3,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after purchasing an additional 403 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Goosehead Insurance in the third quarter worth about $29,000. International Assets Investment Management LLC boosted its stake in Goosehead Insurance by 7,593.8% in the third quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock valued at $8,930,000 after acquiring an additional 9,872 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at approximately $60,000. Finally, Jacobson & Schmitt Advisors LLC increased its stake in shares of Goosehead Insurance by 10.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock worth $12,649,000 after purchasing an additional 13,594 shares during the last quarter.

Analyst Upgrades and Downgrades

GSHD has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JMP Securities upped their price target 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. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. TD Cowen boosted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler increased their target price 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. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.20.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $110.55 on Friday. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 153.55, a PEG ratio of 5.50 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 50-day simple moving average of $107.94 and a 200 day simple moving average of $102.18. 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 disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 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.