Goosehead Insurance, Inc (NASDAQ:GSHD) Stock Holdings Lifted by Mechanics Bank Trust Department

Mechanics Bank Trust Department lifted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,552 shares of the company’s stock after acquiring an additional 109 shares during the quarter. Mechanics Bank Trust Department’s holdings in Goosehead Insurance were worth $274,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares during the period. HighTower Advisors LLC grew its position in shares of Goosehead Insurance by 5.8% in the third quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock valued at $448,000 after purchasing an additional 276 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance in the third quarter worth about $29,000. Blue Trust Inc. lifted its position 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 last quarter. Finally, FMR LLC boosted its stake in Goosehead Insurance by 54.8% during the 3rd quarter. FMR LLC now owns 1,446 shares of the company’s stock valued at $129,000 after purchasing an additional 512 shares during the period.

Insider Activity

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Miller sold 58,327 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. 38.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GSHD has been the subject of a number of research analyst reports. Piper Sandler upped their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. JMP Securities increased their price target on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. TD Cowen boosted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. 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. Finally, Royal Bank of Canada boosted their price target on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $99.20.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $110.35 on Tuesday. The stock’s fifty day simple moving average is $114.07 and its 200 day simple moving average is $96.40. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 153.27, a P/E/G ratio of 2.97 and a beta of 1.41. 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 (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. On average, analysts expect that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be 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 is Tuesday, January 21st.

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.