Natixis Advisors LLC Sells 6,352 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Natixis Advisors LLC cut its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,819 shares of the company’s stock after selling 6,352 shares during the quarter. Natixis Advisors LLC owned about 0.18% of Goosehead Insurance worth $7,057,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 5,969 shares during the period. Alberta Investment Management Corp lifted its position in shares of Goosehead Insurance by 232.8% during the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after acquiring an additional 25,595 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Goosehead Insurance by 135.1% during the 3rd 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. lifted its position in shares of Goosehead Insurance by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock valued at $12,744,000 after acquiring an additional 4,333 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at $247,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Bank of America upped their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. UBS Group raised their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $109.10.

Insider Activity

In other news, Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now owns 339,008 shares in the company, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance 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 sale, the insider now owns 132,349 shares in the company, valued at $16,290,838.41. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 265,100 shares of company stock worth $32,110,974 over the last 90 days. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Trading Up 0.7 %

Shares of Goosehead Insurance stock opened at $115.32 on Friday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The stock has a 50 day moving average price of $112.00 and a two-hundred day moving average price of $106.80. The stock has a market capitalization of $4.28 billion, a PE ratio of 160.17, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a $5.91 dividend. The ex-dividend date of this dividend 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 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.