Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $105.10 Consensus PT from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $109.10.

A number of research firms have recently issued reports on GSHD. BMO Capital Markets boosted their price target 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. TD Cowen boosted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Truist Financial restated a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Bank of America increased their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th.

Goosehead Insurance Stock Down 0.5 %

Shares of GSHD opened at $116.60 on Tuesday. 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 firm has a market cap of $4.33 billion, a P/E ratio of 161.95, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company’s 50-day moving average price is $110.22 and its 200 day moving average price is $105.11. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39.

Goosehead Insurance Increases Dividend

The firm 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. 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%.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,010 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 264,600 shares of company stock worth $32,050,914 over the last 90 days. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after purchasing an additional 5,969 shares during the last quarter. Alberta Investment Management Corp increased its stake in Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after buying an additional 25,595 shares during the period. BNP Paribas Financial Markets raised its position in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock worth $1,982,000 after buying an additional 12,759 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after acquiring an additional 4,333 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $247,000.

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.