Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells 19,600 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Goosehead Insurance Trading Down 0.1 %

Shares of Goosehead Insurance stock opened at $117.24 on Friday. The stock has a market cap of $4.35 billion, a P/E ratio of 162.84, a P/E/G ratio of 5.17 and a beta of 1.49. The stock’s 50 day simple moving average is $109.95 and its 200-day simple moving average is $104.56. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. 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 business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. 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 payout ratio is currently 400.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GSHD. R Squared Ltd acquired a new position in Goosehead Insurance in the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in Goosehead Insurance in the third quarter valued at approximately $63,000. Kestra Investment Management LLC acquired a new position in Goosehead Insurance in the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC lifted its holdings in Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after acquiring an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after acquiring an additional 257 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GSHD shares. Keefe, Bruyette & Woods lifted their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Truist Financial reiterated 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. Bank of America boosted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.10.

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.