Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 19,600 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD traded down $0.08 during midday trading on Friday, reaching $117.24. 140,047 shares of the company’s stock traded hands, compared to its average volume of 268,494. The company has a market cap of $4.35 billion, a P/E ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. The company has a fifty day simple moving average of $109.95 and a two-hundred day simple moving average of $104.56. 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, Inc has a 1 year low of $50.47 and a 1 year high of $130.39.

Goosehead Insurance Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $5.91 per share. 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 payout ratio is 400.00%.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 shares during the last quarter. Alberta Investment Management Corp raised its holdings in Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after buying an additional 25,595 shares during the period. BNP Paribas Financial Markets lifted its position in 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 buying an additional 12,759 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock valued at $12,744,000 after acquiring an additional 4,333 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $247,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GSHD. Bank of America upped their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Truist Financial restated a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.10.

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.