Illinois Municipal Retirement Fund Boosts Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Illinois Municipal Retirement Fund raised its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,898 shares of the company’s stock after buying an additional 299 shares during the period. Illinois Municipal Retirement Fund’s holdings in Goosehead Insurance were worth $1,490,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GSHD. State Street Corp boosted its position in Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after buying an additional 185,037 shares during the period. Wasatch Advisors LP boosted its position in Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after buying an additional 138,571 shares during the period. SG Americas Securities LLC boosted its position in Goosehead Insurance by 885.5% during the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock valued at $5,539,000 after buying an additional 46,420 shares during the period. Alberta Investment Management Corp boosted its position in Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after buying an additional 25,595 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Goosehead Insurance during the third quarter valued at about $2,134,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on GSHD shares. Keefe, Bruyette & Woods upped their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, 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 research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $105.10.

Goosehead Insurance Price Performance

GSHD stock opened at $123.21 on Friday. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The company has a market cap of $4.57 billion, a P/E ratio of 171.13, a PEG ratio of 5.17 and a beta of 1.43. The firm has a 50-day moving average of $108.66 and a 200 day moving average of $103.69. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a $5.91 dividend. 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 dividend payout ratio is 400.00%.

About Goosehead Insurance

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.