Mark Evan Jones Sells 40,000 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Mark Evan Jones sold 40,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the completion of the transaction, the chairman now directly owns 38,951 shares in the company, valued at $4,636,727.04. This represents a 50.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Goosehead Insurance Stock Performance

GSHD stock opened at $123.84 on Thursday. The company has a 50-day simple moving average of $109.35 and a 200 day simple moving average of $104.34. The company has a market capitalization of $4.60 billion, a P/E ratio of 172.00, a PEG ratio of 5.17 and a beta of 1.49. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39.

Goosehead Insurance Increases Dividend

The business 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. 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 (DPR) is 400.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased 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. 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. Truist Financial restated a “hold” rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus price target of $105.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Goosehead Insurance in the fourth quarter worth approximately $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth $63,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance in the 4th quarter worth $63,000. Smartleaf Asset Management LLC lifted its holdings in shares of Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after buying an additional 509 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after buying an additional 257 shares in the last quarter.

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.