Goosehead Insurance’s (GSHD) Hold Rating Reiterated at Truist Financial

Truist Financial reaffirmed their hold rating on shares of Goosehead Insurance (NASDAQ:GSHD) in a research report released on Tuesday,Benzinga reports. Truist Financial currently has a $90.00 price target on the stock, up from their prior price target of $80.00.

Several other equities analysts also recently commented on GSHD. Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. 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 report on Friday, January 3rd. BMO Capital Markets boosted their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, TD Cowen increased their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. One investment 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, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $105.10.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $121.60 on Tuesday. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market cap of $4.51 billion, a P/E ratio of 168.89, a PEG ratio of 5.17 and a beta of 1.43. The company’s 50-day simple moving average is $108.32 and its 200 day simple moving average is $103.27.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders 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 a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is presently 638.89%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in shares of Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after acquiring an additional 138,571 shares during the period. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock worth $267,994,000 after purchasing an additional 19,980 shares during the last quarter. State Street Corp lifted its position in Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after purchasing an additional 185,037 shares during the period. American Century Companies Inc. boosted its stake in shares of Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after purchasing an additional 220,267 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 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.