Brokerages Set Goosehead Insurance, Inc (NASDAQ:GSHD) PT at $105.10

Goosehead Insurance, Inc (NASDAQ:GSHD) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $105.10.

GSHD has been the subject of several research reports. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Bank of America boosted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, TD Cowen upped their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark Evan Jones sold 40,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the sale, the chairman now owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. The trade was a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.03% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Goosehead Insurance in the fourth quarter worth about $3,641,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Goosehead Insurance by 26.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,177 shares of the company’s stock valued at $5,916,000 after acquiring an additional 11,654 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Goosehead Insurance by 57.0% during the fourth quarter. Voloridge Investment Management LLC now owns 128,463 shares of the company’s stock valued at $13,774,000 after acquiring an additional 46,665 shares in the last quarter. Whitebark Investors LP bought a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $55,326,000. Finally, Sovereign s Capital Management LLC purchased a new stake in Goosehead Insurance in the fourth quarter worth approximately $3,027,000.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $117.32 on Tuesday. 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 business has a 50-day moving average price of $109.73 and a two-hundred day moving average price of $104.47. The company has a market cap of $4.35 billion, a P/E ratio of 162.95, a PEG ratio of 5.17 and a beta of 1.49. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently declared 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%.

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.