Natixis Advisors LLC Sells 6,352 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Natixis Advisors LLC reduced its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 65,819 shares of the company’s stock after selling 6,352 shares during the quarter. Natixis Advisors LLC’s holdings in Goosehead Insurance were worth $7,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Goosehead Insurance in the fourth quarter valued at $39,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance in the fourth quarter valued at $63,000. GAMMA Investing LLC raised its stake in shares of Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after buying an additional 257 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after buying an additional 509 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the third quarter valued at $63,000.

Insider Buying and Selling

In other news, CFO Mark E. Jr. Jones acquired 1,010 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the acquisition, the chief financial officer now owns 2,342 shares of the company’s stock, valued at $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 265,100 shares of company stock worth $32,110,974 over the last ninety days. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $115.32 on Friday. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The business has a 50-day simple moving average of $112.00 and a 200 day simple moving average of $106.80. 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 stock has a market cap of $4.28 billion, a price-to-earnings ratio of 160.17, a PEG ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $5.91 per share. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 400.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GSHD shares. Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. UBS Group lifted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Bank of America lifted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Finally, Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research 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 assigned a buy rating to the company. According to MarketBeat.com, Goosehead Insurance has a consensus 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.