Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Rating of “Hold” from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $109.10.

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

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares in the company, valued at $276,402.84. This trade represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 in the last three months. Corporate insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of GSHD. Quest Partners LLC purchased a new position in Goosehead Insurance in the 3rd quarter worth approximately $81,000. Pathstone Holdings LLC lifted its position in shares of Goosehead Insurance by 31.4% during the third quarter. Pathstone Holdings LLC now owns 15,681 shares of the company’s stock worth $1,400,000 after purchasing an additional 3,747 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Goosehead Insurance in the third quarter valued at $593,000. FMR LLC grew its holdings in Goosehead Insurance by 54.8% during the 3rd quarter. FMR LLC now owns 1,446 shares of the company’s stock valued at $129,000 after purchasing an additional 512 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock worth $1,982,000 after buying an additional 12,759 shares during the period.

Goosehead Insurance Trading Down 1.9 %

Shares of GSHD stock opened at $118.40 on Friday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 164.45, a PEG ratio of 5.17 and a beta of 1.49. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a 50-day moving average price of $113.42 and a 200 day moving average price of $108.19. Goosehead Insurance has a twelve month low of $50.47 and a twelve month 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 $5.91 dividend. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

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.