Goosehead Insurance, Inc (NASDAQ:GSHD) Director Thomas Mcconnon Sells 205,000 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction that occurred 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 owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Goosehead Insurance Stock Up 2.4 %

GSHD opened at $123.47 on Wednesday. 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 business has a 50 day simple moving average of $108.98 and a 200-day simple moving average of $104.07. The stock has a market capitalization of $4.58 billion, a P/E ratio of 171.49, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a $5.91 dividend. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio (DPR) is currently 400.00%.

Analysts Set New Price Targets

GSHD has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on 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 reiterated a “hold” rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. TD Cowen lifted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets lifted their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.10.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after purchasing an additional 5,969 shares during the last quarter. Alberta Investment Management Corp raised its holdings in Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after purchasing an additional 25,595 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Goosehead Insurance by 135.1% during the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock worth $1,982,000 after purchasing an additional 12,759 shares during the last quarter. Entropy Technologies LP acquired a new position in Goosehead Insurance during the fourth quarter worth $247,000. Finally, Principal Financial Group Inc. raised its holdings in Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after purchasing an additional 4,333 shares during the last quarter.

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.