Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Sells 40,000 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Mark Evan Jones sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.04, for a total value 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. This represents a 50.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded up $2.94 during trading on Tuesday, reaching $123.47. 328,439 shares of the stock traded hands, compared to its average volume of 274,574. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company has a 50-day moving average of $108.98 and a 200-day moving average of $104.07. The stock has a market capitalization of $4.58 billion, a P/E ratio of 171.49, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43.

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 given a dividend of $5.91 per share. 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 currently 400.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GSHD shares. TD Cowen boosted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Truist Financial reiterated a “hold” rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. BMO Capital Markets upped their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $105.10.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP lifted its position in shares of Goosehead Insurance by 5.6% during the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after buying an additional 138,571 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock worth $267,994,000 after purchasing an additional 19,980 shares in the last quarter. State Street Corp lifted its holdings in Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after purchasing an additional 185,037 shares in the last quarter. American Century Companies Inc. lifted its holdings in Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after purchasing an additional 220,267 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after purchasing an additional 5,969 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.