Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells 500 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total transaction of $60,060.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $15,897,761.88. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $113.10 on Friday. The company has a 50 day moving average price of $110.99 and a 200-day moving average price of $105.74. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The firm has a market capitalization of $4.20 billion, a PE ratio of 157.09, a P/E/G ratio of 5.17 and a beta of 1.49. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance Increases Dividend

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

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the fourth quarter worth approximately $39,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC lifted its holdings in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after purchasing an additional 257 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after purchasing an additional 509 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the third quarter valued at approximately $63,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on GSHD shares. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. UBS Group increased their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. BMO Capital Markets increased their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. TD Cowen increased their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.