Price T Rowe Associates Inc. MD grew its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,290 shares of the company’s stock after purchasing an additional 2,359 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Goosehead Insurance were worth $1,159,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Schroder Investment Management Group bought a new position in Goosehead Insurance in the 4th quarter worth about $943,000. Engineers Gate Manager LP acquired a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $430,000. Prelude Capital Management LLC lifted its stake in shares of Goosehead Insurance by 137.3% in the 4th quarter. Prelude Capital Management LLC now owns 2,435 shares of the company’s stock worth $304,000 after acquiring an additional 1,409 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Goosehead Insurance by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,910 shares of the company’s stock worth $12,465,000 after acquiring an additional 3,221 shares during the period. Finally, Stifel Financial Corp lifted its stake in Goosehead Insurance by 3.2% during the fourth quarter. Stifel Financial Corp now owns 19,316 shares of the company’s stock valued at $2,410,000 after purchasing an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s stock.
Shares of GSHD opened at $105.67 on Friday. The company’s fifty day moving average is $118.45 and its 200-day moving average is $123.01. Goosehead Insurance, Inc has a 12 month low of $39.21 and a 12 month high of $174.79. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 229.72 and a beta of 0.62.
In other Goosehead Insurance news, CFO Mark S. Colby sold 4,000 shares of the stock in a transaction on Tuesday, January 19th. The shares were sold at an average price of $140.70, for a total value of $562,800.00. Following the completion of the sale, the chief financial officer now directly owns 69,160 shares of the company’s stock, valued at approximately $9,730,812. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Robyn Mary Elizabeth Jones sold 36,314 shares of the stock in a transaction on Friday, February 26th. The shares were sold at an average price of $131.54, for a total transaction of $4,776,743.56. Following the completion of the sale, the insider now directly owns 333,790 shares of the company’s stock, valued at $43,906,736.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,376 shares of company stock valued at $8,665,636. 63.43% of the stock is owned by insiders.
A number of research firms have recently issued reports on GSHD. Keefe, Bruyette & Woods upgraded shares of Goosehead Insurance from a “market perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a report on Thursday. Zacks Investment Research lowered shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, March 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Goosehead Insurance from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, February 2nd.
About Goosehead Insurance
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It 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.
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