Goosehead Insurance, Inc (NASDAQ:GSHD) Director Sells $24,876,750.00 in Stock

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

Goosehead Insurance Trading Up 2.4 %

GSHD traded up $2.94 during mid-day trading on Tuesday, reaching $123.47. The stock had a trading volume of 328,439 shares, compared to its average volume of 274,574. The firm’s fifty day simple moving average is $108.98 and its two-hundred day simple moving average is $104.07. The stock has a market capitalization of $4.58 billion, a P/E ratio of 171.49, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GSHD shares. TD Cowen lifted their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Keefe, Bruyette & Woods lifted their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Truist Financial restated a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets boosted their price objective 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.10.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised 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 valued at $57,476,000 after acquiring an additional 5,969 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Goosehead Insurance by 232.8% during the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after purchasing an additional 25,595 shares during the period. BNP Paribas Financial Markets increased its holdings in Goosehead Insurance by 135.1% in the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after purchasing an additional 12,759 shares during the last quarter. Entropy Technologies LP acquired a new position in Goosehead Insurance in the fourth quarter valued at about $247,000. Finally, Principal Financial Group Inc. boosted its holdings in Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after buying an additional 4,333 shares during the last quarter.

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.