Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Rating of “Hold” from Brokerages

Goosehead Insurance, Inc (NASDAQ:GSHD) has received an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One investment 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. The average 12-month price objective among brokerages that have covered the stock in the last year is $109.10.

Several equities analysts recently commented on GSHD shares. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased 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. UBS Group boosted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Truist Financial reiterated a “hold” rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction that occurred 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. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 308,812 shares of company stock valued at $37,392,258. Company insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Goosehead Insurance during the 4th quarter worth $39,000. Kestra Investment Management LLC bought a new position in Goosehead Insurance during the fourth quarter valued at about $63,000. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after buying an additional 257 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at about $63,000.

Goosehead Insurance Stock Up 3.2 %

Shares of NASDAQ:GSHD opened at $121.83 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 firm has a market cap of $4.52 billion, a price-to-earnings ratio of 169.21, a PEG ratio of 5.17 and a beta of 1.49. The stock’s 50-day moving average price is $114.18 and its two-hundred day moving average price is $109.09. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio is 400.00%.

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.