Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) had its target price hoisted by Keefe, Bruyette & Woods from $110.00 to $127.00 in a report issued on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on GSHD. TD Cowen upped their price target 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. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their price target 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. Bank of America boosted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday. 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 company’s stock. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus target price of $105.10.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $122.82 on Wednesday. The business’s fifty day moving average is $108.04 and its two-hundred day moving average is $103.14. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $4.56 billion, a P/E ratio of 170.59, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.39.

Goosehead Insurance Increases Dividend

The firm also recently announced 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. This is a boost 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 638.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GSHD. Louisiana State Employees Retirement System lifted its stake in Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock valued at $1,265,000 after buying an additional 100 shares during the period. Mechanics Bank Trust Department increased its stake in shares of Goosehead Insurance by 4.5% in the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after acquiring an additional 109 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Goosehead Insurance by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company’s stock valued at $2,371,000 after acquiring an additional 139 shares during the period. New York State Teachers Retirement System boosted its stake in Goosehead Insurance by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock worth $1,444,000 after acquiring an additional 204 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Goosehead Insurance by 2.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock valued at $959,000 after purchasing an additional 210 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.