Kestra Investment Management LLC Takes $63,000 Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 588 shares of the company’s stock, valued at approximately $63,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in shares of Goosehead Insurance by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock valued at $1,265,000 after acquiring an additional 100 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in shares of 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 during the period. New York State Teachers Retirement System lifted its stake in shares of 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 during the period. Precision Wealth Strategies LLC lifted its stake in shares of 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 during the period. Finally, GAMMA Investing LLC lifted its stake in shares of 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 during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GSHD shares. JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. BMO Capital Markets increased their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler increased their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. One equities 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $99.20.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $106.68 on Friday. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 148.17, a PEG ratio of 5.38 and a beta of 1.43. The company’s 50 day moving average is $107.77 and its two-hundred day moving average is $102.33. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given 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 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.