Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Mark Evan Jones Sells 40,000 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Mark Evan Jones sold 40,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.04, for a total value of $4,761,600.00. Following the completion of the transaction, the chairman now owns 38,951 shares in the company, valued at $4,636,727.04. This trade represents a 50.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $123.47 on Wednesday. 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 $4.58 billion, a price-to-earnings ratio of 171.49, a P/E/G ratio of 5.17 and a beta of 1.43. The business’s 50-day simple moving average is $108.98 and its 200-day simple moving average is $104.07. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39.

Goosehead Insurance Increases Dividend

The firm also recently announced 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 was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Institutional Trading of Goosehead Insurance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Goosehead Insurance in the 4th quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $63,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC lifted its position in shares of Goosehead Insurance by 462.7% in 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 period. Finally, GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 73.6% in 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 period.

Analysts Set New Price Targets

GSHD has been the topic of a number of recent research reports. Bank of America boosted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods boosted 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. TD Cowen boosted 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. JPMorgan Chase & Co. boosted 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. Finally, Truist Financial restated a “hold” rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and an average target price of $105.10.

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.