& Robyn Jones Descendants Mark Sells 43,712 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at $15,990,406.18. The trade was a 24.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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 stock was 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 shares were sold at an average price of $123.09, for a total value of $2,412,564.00.

Goosehead Insurance Price Performance

GSHD opened at $118.40 on Friday. The company’s 50-day simple moving average is $113.42 and its two-hundred day simple moving average is $108.19. 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 stock has a market capitalization of $4.39 billion, a P/E ratio of 164.45, a P/E/G ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a $5.91 dividend. The ex-dividend date of this dividend 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 currently 400.00%.

Analyst Ratings Changes

Several research analysts have commented on GSHD shares. JPMorgan Chase & Co. upped their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Truist Financial restated 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. Bank of America upped their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating 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. Finally, 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. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.10.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in GSHD. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance in the third quarter worth about $63,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC increased its position in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after purchasing an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 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.