Mark E. Jr. Jones Purchases 1,010 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) CFO Mark E. Jr. Jones purchased 1,010 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the transaction, the chief financial officer now directly owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $123.84 on Thursday. The firm’s 50 day simple moving average is $109.35 and its 200-day simple moving average is $104.34. The company has a market cap of $4.60 billion, a P/E ratio of 172.00, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders 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 dividend payout ratio (DPR) is 400.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GSHD. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the fourth quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the third quarter valued at approximately $63,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance during the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC grew its position in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after purchasing an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after purchasing an additional 257 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GSHD. TD Cowen boosted 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. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Truist Financial reaffirmed a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, BMO Capital Markets lifted their price objective on shares of 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $105.10.

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.