King Luther Capital Management Corp Has $13.03 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

King Luther Capital Management Corp decreased its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 16.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 121,483 shares of the company’s stock after selling 24,776 shares during the period. King Luther Capital Management Corp owned about 0.33% of Goosehead Insurance worth $13,025,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GSHD. Louisiana State Employees Retirement System lifted its stake in Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock valued at $1,265,000 after acquiring an additional 100 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in Goosehead Insurance by 4.5% in the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after purchasing an additional 109 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Goosehead Insurance by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock worth $1,444,000 after purchasing an additional 204 shares during the period. Los Angeles Capital Management LLC grew its holdings in Goosehead Insurance by 2.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock worth $959,000 after purchasing an additional 210 shares during the period. Finally, Precision Wealth Strategies LLC increased its position in Goosehead Insurance by 5.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company’s stock worth $507,000 after buying an additional 256 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GSHD. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. UBS Group lifted their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. BMO Capital Markets upped their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. TD Cowen raised their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.10.

Insider Buying and Selling

In other Goosehead Insurance news, 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 represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,600 shares of company stock worth $32,050,914. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Up 0.2 %

Shares of NASDAQ:GSHD opened at $116.79 on Wednesday. The business’s 50 day simple moving average is $110.66 and its 200 day simple moving average is $105.62. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. 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 company has a market capitalization of $4.33 billion, a P/E ratio of 162.21, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

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

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.