Natixis Makes New Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Natixis acquired a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 20,487 shares of the company's stock, valued at approximately $2,197,000. Natixis owned about 0.06% of Goosehead Insurance at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GSHD. R Squared Ltd acquired a new stake in Goosehead Insurance during the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance during the third quarter worth about $63,000. Kestra Investment Management LLC purchased a new stake in Goosehead Insurance during the fourth quarter worth about $63,000. Smartleaf Asset Management LLC boosted its holdings in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after buying an additional 257 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America raised their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday. Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Truist Financial restated a "hold" rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.70.

Goosehead Insurance Trading Up 6.8 %

Shares of Goosehead Insurance stock traded up $6.35 on Friday, reaching $99.54. 992,579 shares of the company were exchanged, compared to its average volume of 277,169. The stock has a fifty day moving average price of $113.44 and a 200-day moving average price of $111.50. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 138.25, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. 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, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39.

Insider Activity

In other news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $120.82, for a total value of $5,281,283.84. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $15,990,406.18. This trade represents a 24.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 308,812 shares of company stock worth $37,392,258. 48.35% of the stock is owned by corporate insiders.

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.