Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $5,281,283.84 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $15,990,406.18. The trade was a 24.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 transaction 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 transaction of $2,412,564.00.

Goosehead Insurance Stock Performance

GSHD traded down $2.55 on Wednesday, hitting $118.75. 208,182 shares of the stock traded hands, compared to its average volume of 282,410. The business has a fifty day moving average price of $112.97 and a two-hundred day moving average price of $107.80. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The firm has a market capitalization of $4.41 billion, a PE ratio of 164.93, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders 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 is presently 400.00%.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Goosehead Insurance in the fourth quarter valued at about $39,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance in the fourth quarter worth about $63,000. GAMMA Investing LLC raised its position in shares of Goosehead Insurance by 73.6% during the fourth 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. Smartleaf Asset Management LLC raised its position in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after purchasing an additional 509 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at about $63,000.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group raised their target price 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 issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lifted 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.10.

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.