Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $43.00

Goosehead Insurance (NASDAQ:GSHD) had its target price raised by Bank of America from $39.00 to $43.00 in a report published on Tuesday,Benzinga reports. The firm currently has an underperform rating on the stock.

A number of other analysts have also issued reports on GSHD. JPMorgan Chase & Co. lifted 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. Piper Sandler lifted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Truist Financial reissued a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday. TD Cowen raised their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $105.10.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $121.60 on Tuesday. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 168.89, a PEG ratio of 5.17 and a beta of 1.43. 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 1-year low of $50.47 and a 1-year high of $130.39. The business has a 50-day moving average of $108.32 and a 200-day moving average of $103.27.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a $5.91 dividend. This is a positive change 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 (DPR) is presently 638.89%.

Institutional Investors Weigh In On Goosehead Insurance

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