Kayne Anderson Rudnick Investment Management LLC Sells 403,532 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Kayne Anderson Rudnick Investment Management LLC lowered its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,799,352 shares of the company’s stock after selling 403,532 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.54% of Goosehead Insurance worth $300,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Goosehead Insurance by 54.8% in 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 in the last quarter. HighTower Advisors LLC boosted its position in Goosehead Insurance by 5.8% during the third quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock valued at $448,000 after buying an additional 276 shares during the period. Geode Capital Management LLC increased its holdings in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Goosehead Insurance in the 3rd quarter valued at about $247,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Goosehead Insurance during the 3rd quarter worth approximately $63,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Truist Financial reissued a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. UBS Group upped their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Bank of America boosted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. One 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 stock presently has an average rating of “Hold” and a consensus target price of $110.10.

Insider Buying and Selling

In related news, CFO Mark E. Jr. Jones purchased 1,010 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now directly owns 2,342 shares in the company, valued at $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 over the last quarter. Corporate insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Down 1.3 %

NASDAQ:GSHD opened at $107.05 on Friday. 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 firm’s 50-day moving average price is $114.89 and its 200-day moving average price is $110.98. The company has a market capitalization of $3.99 billion, a PE ratio of 148.68, a P/E/G ratio of 5.17 and a beta of 1.48. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

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.