New Age Alpha Advisors LLC Makes New Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

New Age Alpha Advisors LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,376 shares of the company’s stock, valued at approximately $148,000.

Several other institutional investors and hedge funds have also made changes to their positions in GSHD. R Squared Ltd acquired a new stake in shares of Goosehead Insurance during the fourth quarter worth $39,000. Kestra Investment Management LLC acquired a new stake in Goosehead Insurance during the fourth quarter worth about $63,000. GAMMA Investing LLC lifted its holdings in Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after acquiring an additional 257 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 509 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Goosehead Insurance during the third quarter valued at approximately $63,000.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 40,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the sale, the chairman now directly owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. This represents a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 308,812 shares of company stock valued at $37,392,258 over the last three months. Company insiders own 48.35% of the company’s stock.

Wall Street Analyst Weigh In

GSHD has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. 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 report on Tuesday, February 25th. Truist Financial restated a “hold” rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, UBS Group raised their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One research 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, the company currently has a consensus rating of “Hold” and a consensus target price of $109.10.

Goosehead Insurance Stock Performance

GSHD opened at $121.83 on Thursday. The business has a 50 day moving average price of $114.18 and a two-hundred day moving average price of $109.09. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 169.21, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

Goosehead Insurance Increases Dividend

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

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.