Russell Investments Group Ltd. Has $5.19 Million Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Russell Investments Group Ltd. trimmed its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 29.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,423 shares of the company's stock after selling 20,042 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Goosehead Insurance worth $5,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Goosehead Insurance by 54.8% during the 3rd quarter. FMR LLC now owns 1,446 shares of the company's stock worth $129,000 after acquiring an additional 512 shares during the period. HighTower Advisors LLC lifted its stake in Goosehead Insurance by 5.8% during the third quarter. HighTower Advisors LLC now owns 5,040 shares of the company's stock worth $448,000 after purchasing an additional 276 shares during the period. State Street Corp boosted its holdings in Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company's stock valued at $94,595,000 after purchasing an additional 185,037 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock valued at $57,476,000 after purchasing an additional 5,969 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Goosehead Insurance in the 3rd quarter worth approximately $247,000.

Insiders Place Their Bets

In related news, CFO Mark E. Jr. Jones bought 1,010 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Trading Down 1.3 %

Shares of GSHD stock traded down $1.44 on Friday, reaching $107.05. 149,569 shares of the stock were exchanged, compared to its average volume of 276,548. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. The stock has a market cap of $3.99 billion, a PE ratio of 148.68, a P/E/G ratio of 5.17 and a beta of 1.48. The stock has a 50 day moving average price of $114.89 and a 200 day moving average price of $110.83.

Wall Street Analyst Weigh In

Several analysts recently commented on GSHD shares. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. UBS Group upped their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods boosted their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Truist Financial reissued a "hold" rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $110.10.

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.