& Robyn Jones Descendants Mark Sells 43,712 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $15,990,406.18. The trade was a 24.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.12, for a total value of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $120.68 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market cap of $4.48 billion, a PE ratio of 167.61, a P/E/G ratio of 5.17 and a beta of 1.49. The company’s fifty day simple moving average is $113.26 and its 200-day simple moving average is $107.97. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given 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%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. 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 upped their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, Bank of America upped their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $109.10.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new position in Goosehead Insurance during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Goosehead Insurance during the third quarter valued at approximately $63,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth $63,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 509 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Goosehead Insurance by 73.6% during the 4th 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.

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.