Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $127.00

Goosehead Insurance (NASDAQ:GSHD) had its price target hoisted by Keefe, Bruyette & Woods from $110.00 to $127.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

GSHD has been the subject of several other research reports. Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday. Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. BMO Capital Markets increased 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 note on Tuesday, November 19th. Finally, TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $105.10.

Goosehead Insurance Trading Up 1.3 %

GSHD opened at $123.21 on Wednesday. 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 has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm has a market capitalization of $4.57 billion, a PE ratio of 171.13, a P/E/G ratio of 5.17 and a beta of 1.43. The company’s 50-day moving average is $108.32 and its 200 day moving average is $103.27.

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 given a dividend of $5.91 per share. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is currently 400.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares during the period. International Assets Investment Management LLC boosted its holdings in Goosehead Insurance by 7,593.8% in the 3rd quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock worth $8,930,000 after buying an additional 9,872 shares during the period. Jacobson & Schmitt Advisors LLC boosted its holdings in Goosehead Insurance by 10.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock worth $12,649,000 after buying an additional 13,594 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Goosehead Insurance in the 3rd quarter worth approximately $2,134,000. Finally, Los Angeles Capital Management LLC bought a new position in Goosehead Insurance in the 3rd quarter worth approximately $780,000.

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.