Kayne Anderson Rudnick Investment Management LLC Decreases Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,799,352 shares of the company’s stock after selling 403,532 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.08% of Goosehead Insurance worth $300,147,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GSHD. American Century Companies Inc. raised its stake in Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after buying an additional 220,267 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Goosehead Insurance by 312.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock valued at $11,754,000 after acquiring an additional 83,028 shares during the period. Great Lakes Advisors LLC purchased a new position in Goosehead Insurance in the fourth quarter worth about $8,737,000. First Trust Advisors LP purchased a new position in Goosehead Insurance in the fourth quarter worth about $5,264,000. Finally, Marshall Wace LLP grew its stake in shares of Goosehead Insurance by 981.8% during the 4th quarter. Marshall Wace LLP now owns 53,959 shares of the company’s stock valued at $5,785,000 after purchasing an additional 48,971 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GSHD shares. Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. Piper Sandler decreased their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. UBS Group boosted their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.10.

Insider Buying and Selling at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 40,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.04, for a total value of $4,761,600.00. Following the completion of the transaction, the chairman now directly owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. This trade represents a 50.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total transaction of $60,060.00. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $15,897,761.88. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock valued at $37,392,258 in the last three months. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $107.05 on Friday. The stock has a 50-day moving average price of $114.89 and a 200 day moving average price of $110.98. The stock has a market capitalization of $3.99 billion, a P/E ratio of 148.68, a P/E/G ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

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.