Alliancebernstein L.P. Buys 4,335 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Alliancebernstein L.P. raised its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,725 shares of the company’s stock after acquiring an additional 4,335 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of Goosehead Insurance worth $2,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Goosehead Insurance in the 4th quarter worth about $39,000. Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter worth approximately $63,000. GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after acquiring an additional 257 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the 3rd quarter valued at $63,000.

Goosehead Insurance Stock Up 0.3 %

Shares of NASDAQ GSHD opened at $111.30 on Wednesday. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The stock’s fifty day simple moving average is $115.11 and its two-hundred day simple moving average is $110.60. The stock has a market capitalization of $4.15 billion, a PE ratio of 154.59, 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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GSHD. UBS Group increased their target price on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Truist Financial reiterated 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. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Bank of America lifted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Finally, Piper Sandler dropped their price objective on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. One equities 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. According to MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus target price of $110.10.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $15,897,761.88. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 308,812 shares of company stock worth $37,392,258 in the last three months. 48.35% of the stock is owned by insiders.

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.