Atomi Financial Group Inc. Raises Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Atomi Financial Group Inc. boosted its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,462 shares of the company’s stock after buying an additional 385 shares during the quarter. Atomi Financial Group Inc.’s holdings in Goosehead Insurance were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Goosehead Insurance by 0.9% during 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 last quarter. Quarry LP increased its position in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Goosehead Insurance in the 2nd quarter worth approximately $408,000. BNP Paribas Financial Markets increased its holdings in Goosehead Insurance by 135.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock worth $1,982,000 after acquiring an additional 12,759 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Goosehead Insurance in the 2nd quarter worth approximately $436,000.

Goosehead Insurance Trading Down 1.0 %

GSHD stock opened at $100.87 on Friday. The firm has a fifty day moving average price of $112.76 and a 200 day moving average price of $97.43. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $3.74 billion, a PE ratio of 140.10, a price-to-earnings-growth ratio of 4.23 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid 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 of this dividend is Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 638.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GSHD shares. JPMorgan Chase & Co. increased their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. JMP Securities increased their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Piper Sandler upped their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, TD Cowen upped their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. One equities research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $99.20.

Insiders Place Their Bets

In other news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.