Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $60,060.00 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $15,897,761.88. This represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares 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 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 Price Performance

GSHD opened at $113.10 on Monday. The stock has a 50-day moving average price of $111.12 and a 200-day moving average price of $106.26. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39. 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 stock has a market capitalization of $4.20 billion, a P/E ratio of 157.09, a PEG ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a $5.91 dividend. 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 dividend payout ratio is presently 400.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GSHD. UBS Group lifted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods lifted their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. BMO Capital Markets lifted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.10.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the 4th quarter worth about $39,000. Kestra Investment Management LLC purchased a new stake in Goosehead Insurance during the 4th quarter valued at about $63,000. GAMMA Investing LLC boosted 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 acquiring an additional 257 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Goosehead Insurance by 462.7% during the 4th 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 period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance during the 3rd quarter valued at about $63,000.

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.