Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $5,281,283.84 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $120.82, for a total value of $5,281,283.84. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $15,990,406.18. This represents a 24.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The shares were sold at an average price of $120.12, for a total value of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00.

Goosehead Insurance Stock Down 1.9 %

GSHD stock opened at $118.40 on Friday. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 164.45, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. 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’s 50 day moving average is $113.42 and its 200 day moving average is $108.19.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders 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 a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reaffirmed a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. UBS Group lifted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods increased their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Bank of America increased their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $109.10.

Institutional Inflows and Outflows

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

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.