Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $145.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective lifted by UBS Group from $120.00 to $145.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Truist Financial reissued a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Bank of America boosted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.10.

Goosehead Insurance Stock Down 0.1 %

Shares of NASDAQ GSHD opened at $117.24 on Friday. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock’s 50-day simple moving average is $110.22 and its 200-day simple moving average is $105.11.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $5.91 dividend. This is an increase 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%.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the transaction, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. This represents a 75.83 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,600 shares of company stock worth $32,050,914 over the last ninety days. Company insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $39,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $63,000. GAMMA Investing LLC boosted 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 buying an additional 257 shares during the period. Smartleaf Asset Management LLC raised its holdings in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance during the third quarter worth approximately $63,000.

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.