Mark E. Jr. Jones Purchases 1,010 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) CFO Mark E. Jr. Jones acquired 1,010 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were bought 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 directly owns 2,342 shares of the company’s stock, valued at $276,402.84. This represents a 75.83 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $123.84 on Thursday. The firm has a fifty day simple moving average of $109.35 and a 200-day simple moving average of $104.34. 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 1-year low of $50.47 and a 1-year high of $130.39. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 172.00, a PEG ratio of 5.17 and a beta of 1.49.

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 paid a $5.91 dividend. 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 modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Goosehead Insurance in the fourth quarter worth $39,000. Kestra Investment Management LLC bought a new position in Goosehead Insurance during the fourth quarter worth $63,000. GAMMA Investing LLC increased its position in 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 acquiring an additional 257 shares during the period. Smartleaf Asset Management LLC increased its position 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 acquiring an additional 509 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Goosehead Insurance during the third quarter worth $63,000.

Analyst Upgrades and Downgrades

GSHD has been the topic of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. TD Cowen lifted their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets lifted 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. Bank of America lifted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $105.10.

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.