Oppenheimer Asset Management Inc. Has $3.88 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Oppenheimer Asset Management Inc. lowered its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,201 shares of the company’s stock after selling 4,029 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Goosehead Insurance were worth $3,881,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GSHD. Blue Trust Inc. boosted its holdings in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Goosehead Insurance during the third quarter worth $2,134,000. Los Angeles Capital Management LLC acquired a new stake in Goosehead Insurance in the third quarter worth $780,000. Natixis Advisors LLC increased its stake in Goosehead Insurance by 2.4% in the third quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock valued at $6,445,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Goosehead Insurance by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company’s stock valued at $2,114,000 after purchasing an additional 2,714 shares during the period.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $123.21 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market cap of $4.57 billion, a PE ratio of 171.13, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43. The stock’s fifty day simple moving average is $108.66 and its two-hundred day simple moving average is $103.69. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $5.91 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is 400.00%.

Analyst Ratings Changes

Several brokerages have recently commented on GSHD. Bank of America raised 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. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen upped their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. 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 report on Tuesday, February 25th. One research 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. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and a consensus price target of $105.10.

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.