Truist Financial Reiterates Hold Rating for Goosehead Insurance (NASDAQ:GSHD)

Truist Financial reaffirmed their hold rating on shares of Goosehead Insurance (NASDAQ:GSHD) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $90.00 price target on the stock, up from their prior price target of $80.00.

A number of other brokerages have also commented on GSHD. Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. TD Cowen boosted their price target on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. 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, Goosehead Insurance currently has an average rating of “Hold” and a consensus target price of $105.10.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $121.60 on Tuesday. 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 cap of $4.51 billion, a price-to-earnings ratio of 168.89, a PEG ratio of 5.17 and a beta of 1.43. The business has a 50 day simple moving average of $108.32 and a 200 day simple moving average of $103.27. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is currently 638.89%.

Hedge Funds Weigh In On Goosehead Insurance

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after buying an additional 5,969 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after acquiring an additional 25,595 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of 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 acquiring an additional 12,759 shares in the last quarter. Entropy Technologies LP bought a new position in Goosehead Insurance during the fourth quarter worth about $247,000. Finally, Verition Fund Management LLC acquired a new stake in Goosehead Insurance in the 3rd quarter worth about $616,000.

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.