Los Angeles Capital Management LLC Boosts Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Los Angeles Capital Management LLC boosted its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,942 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Goosehead Insurance were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System lifted its stake in Goosehead Insurance by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock worth $1,265,000 after purchasing an additional 100 shares in the last quarter. Mechanics Bank Trust Department lifted its stake in Goosehead Insurance by 4.5% in the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after purchasing an additional 109 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Goosehead Insurance by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock worth $1,444,000 after purchasing an additional 204 shares in the last quarter. Precision Wealth Strategies LLC lifted its stake in Goosehead Insurance by 5.7% in the 4th quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company’s stock worth $507,000 after purchasing an additional 256 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, Truist Financial restated a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.10.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $123.21 on Friday. The firm has a market cap of $4.57 billion, a PE ratio of 171.13, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. 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 company’s fifty day simple moving average is $108.66 and its two-hundred day simple moving average is $103.69.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a $5.91 dividend. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

About Goosehead Insurance

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.