Goosehead Insurance, Inc (NASDAQ:GSHD) Director Thomas Mcconnon Sells 205,000 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD) Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $123.84 on Thursday. The company has a market capitalization of $4.60 billion, a PE ratio of 172.00, a PEG ratio of 5.17 and a beta of 1.49. 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 company’s 50 day moving average price is $109.35 and its 200 day moving average price is $104.34. 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 declared 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. 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 currently 400.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GSHD shares. Bank of America lifted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Truist Financial reiterated 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. 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 report on Friday, January 3rd. Finally, TD Cowen increased their price target on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $105.10.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D purchased a new position in Goosehead Insurance in the third quarter valued at about $2,134,000. Los Angeles Capital Management LLC acquired a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $780,000. Oppenheimer Asset Management Inc. grew its stake in shares of Goosehead Insurance by 5.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,230 shares of the company’s stock valued at $3,593,000 after buying an additional 2,214 shares in the last quarter. Natixis Advisors LLC increased its holdings in Goosehead Insurance by 2.4% in the third quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock worth $6,445,000 after buying an additional 1,688 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Goosehead Insurance by 13.0% in the third quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company’s stock worth $2,114,000 after buying an additional 2,714 shares during the last quarter.

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.