Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Sells 40,000 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Mark Evan Jones sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the completion of the sale, the chairman now owns 38,951 shares of the company’s stock, valued at $4,636,727.04. This represents a 50.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Goosehead Insurance Trading Up 2.4 %

Shares of GSHD opened at $123.47 on Wednesday. The stock has a fifty day moving average price of $108.98 and a two-hundred day moving average price of $104.07. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 171.49, a PEG ratio of 5.17 and a beta of 1.43.

Goosehead Insurance Increases Dividend

The firm 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. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 400.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on GSHD. Truist Financial restated a “hold” rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised 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. Finally, Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.10.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after buying an additional 5,969 shares during the period. Alberta Investment Management Corp increased its stake in shares of Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after buying an additional 25,595 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Goosehead Insurance by 135.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after buying an additional 12,759 shares during the period. Entropy Technologies LP acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at $247,000. Finally, Principal Financial Group Inc. increased its stake in shares of Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock valued at $12,744,000 after buying an additional 4,333 shares during the period.

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.