Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $127.00 at Keefe, Bruyette & Woods

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

Other equities research analysts have also recently issued reports about the stock. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday. Finally, TD Cowen increased their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.10.

Goosehead Insurance Trading Up 0.3 %

NASDAQ:GSHD opened at $122.82 on Wednesday. The company’s 50 day moving average is $108.04 and its 200-day moving average is $103.14. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $130.39. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 170.59, a P/E/G ratio of 5.17 and a beta of 1.43.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a $5.91 dividend. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is presently 638.89%.

Institutional Investors Weigh In On Goosehead Insurance

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