Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $109.10

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $109.10.

GSHD has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. UBS Group upped their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, March 7th. Truist Financial reissued a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd.

Goosehead Insurance Stock Down 10.9 %

GSHD opened at $107.72 on Friday. The stock’s fifty day moving average is $114.69 and its 200-day moving average is $109.32. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The company has a market capitalization of $4.00 billion, a PE ratio of 149.61, a P/E/G ratio of 5.17 and a beta of 1.48. 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 disclosed 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. 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 presently 400.00%.

Insider Activity

In related news, CFO Mark E. Jr. Jones acquired 1,010 shares of the company’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the purchase, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 in the last 90 days. Company insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $39,000. Kestra Investment Management LLC bought a new stake in Goosehead Insurance in the fourth quarter worth approximately $63,000. GAMMA Investing LLC increased its stake in shares of Goosehead Insurance by 73.6% during 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 last quarter. Smartleaf Asset Management LLC raised its holdings 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $63,000.

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.