B. Metzler seel. Sohn & Co. AG Has $1.88 Million Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

B. Metzler seel. Sohn & Co. AG reduced its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,507 shares of the company’s stock after selling 4,638 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Goosehead Insurance were worth $1,877,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after purchasing an additional 5,969 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after buying an additional 25,595 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Goosehead Insurance by 135.1% in the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after acquiring an additional 12,759 shares during the period. Principal Financial Group Inc. grew its stake in shares of Goosehead Insurance by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after acquiring an additional 4,333 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Goosehead Insurance during the fourth quarter worth $247,000.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $121.83 on Thursday. The business has a 50 day simple moving average of $114.18 and a 200 day simple moving average of $109.09. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. The company has a market capitalization of $4.52 billion, a PE ratio of 169.21, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $5.91 dividend. 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 currently 400.00%.

Analyst Ratings Changes

A number of analysts have weighed in on GSHD shares. Truist Financial reissued a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. UBS Group upped their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $109.10.

Insider Activity

In other Goosehead Insurance news, 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 value of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the purchase, the chief financial officer now directly owns 2,342 shares of the company’s stock, valued at approximately $276,402.84. The trade was a 75.83 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 308,812 shares of company stock worth $37,392,258. Corporate insiders own 48.35% of the company’s stock.

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.