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

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 shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Trading Down 0.1 %

NASDAQ:GSHD opened at $117.24 on Friday. The firm has a 50-day simple moving average of $110.22 and a 200-day simple moving average of $104.95. 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 one year low of $50.47 and a one year high of $130.39. The firm has a market cap of $4.35 billion, a P/E ratio of 162.84, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The firm also recently disclosed 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. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 400.00%.

Institutional Trading of Goosehead Insurance

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on GSHD. JPMorgan Chase & Co. increased 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. TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets raised their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. UBS Group raised their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.