Mechanics Bank Trust Department Has $274,000 Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Mechanics Bank Trust Department increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,552 shares of the company’s stock after acquiring an additional 109 shares during the quarter. Mechanics Bank Trust Department’s holdings in Goosehead Insurance were worth $274,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. HighTower Advisors LLC boosted its stake in Goosehead Insurance by 5.8% in the third quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock valued at $448,000 after acquiring an additional 276 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance during the 3rd quarter worth $29,000. Blue Trust Inc. raised its position in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Goosehead Insurance by 54.8% in the 3rd quarter. FMR LLC now owns 1,446 shares of the company’s stock valued at $129,000 after purchasing an additional 512 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GSHD shares. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. BMO Capital Markets upped their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price objective 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. Truist Financial upped their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $99.20.

Goosehead Insurance Trading Down 3.7 %

Shares of NASDAQ:GSHD opened at $110.35 on Tuesday. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 153.27, a PEG ratio of 2.97 and a beta of 1.41. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The company’s fifty day simple moving average is $114.07 and its 200 day simple moving average is $96.40. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, research analysts forecast that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $5.91 per share. The ex-dividend date is Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63.

Insider Activity

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Miller sold 58,327 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.03% of the stock is owned by 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.