Insider Buying: Goosehead Insurance, Inc (NASDAQ:GSHD) CFO Purchases 1,010 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) CFO Mark E. Jr. Jones bought 1,010 shares of the business’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. This trade represents a 75.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Goosehead Insurance Price Performance

GSHD stock traded up $2.94 during mid-day trading on Tuesday, hitting $123.47. The company had a trading volume of 328,439 shares, compared to its average volume of 274,574. The company has a market capitalization 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. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a 50-day moving average price of $108.98 and a 200 day moving average price of $104.07.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid 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 payout ratio is presently 400.00%.

Wall Street Analyst Weigh In

GSHD has been the subject of a number of recent research reports. Truist Financial reissued a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. TD Cowen boosted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted 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 report on Tuesday, November 19th. Finally, Bank of America boosted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $105.10.

Institutional Trading of Goosehead Insurance

Hedge funds have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $2,134,000. Los Angeles Capital Management LLC purchased a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $780,000. Oppenheimer Asset Management Inc. raised its position in shares of Goosehead Insurance by 5.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,230 shares of the company’s stock valued at $3,593,000 after buying an additional 2,214 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Goosehead Insurance by 2.4% during the 3rd quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock valued at $6,445,000 after buying an additional 1,688 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Goosehead Insurance by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company’s stock valued at $2,114,000 after buying an additional 2,714 shares in 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.