Thomas Mcconnon Sells 205,000 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Goosehead Insurance Price Performance

GSHD stock opened at $123.47 on Wednesday. The stock has a 50-day moving average price of $108.98 and a two-hundred day moving average price of $104.07. 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 company has a market cap of $4.58 billion, a PE ratio of 171.49, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders 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 an increase from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is 400.00%.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of analyst reports. TD Cowen boosted their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a 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 report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets lifted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. 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. According to MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and a consensus price target of $105.10.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Goosehead Insurance during the fourth quarter valued at about $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance during the third quarter valued at about $63,000. Kestra Investment Management LLC purchased a new stake in Goosehead Insurance during the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC grew its position in Goosehead Insurance by 462.7% during the fourth 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, GAMMA Investing LLC grew its position in Goosehead Insurance by 73.6% during the fourth 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.

Goosehead Insurance Company Profile

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.