Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $100.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective raised by JPMorgan Chase & Co. from $90.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

GSHD has been the topic of several other research reports. UBS Group upped their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods upped their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Bank of America boosted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. Finally, Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. 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.com, Goosehead Insurance has a consensus rating of “Hold” and a consensus price target of $110.10.

Goosehead Insurance Trading Down 1.3 %

Shares of GSHD opened at $103.90 on Tuesday. 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 company has a market cap of $3.88 billion, a price-to-earnings ratio of 144.31, a PEG ratio of 5.17 and a beta of 1.48. The stock has a fifty day moving average price of $114.58 and a two-hundred day moving average price of $109.80. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a $5.91 dividend. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio (DPR) is currently 400.00%.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $16,290,838.41. This trade represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the acquisition, the chief financial officer now directly owns 2,342 shares in the company, valued at $276,402.84. This trade represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 308,812 shares of company stock valued at $37,392,258. 37.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently modified their holdings of GSHD. R Squared Ltd bought a new stake in Goosehead Insurance during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance during the third quarter worth $63,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance during the fourth quarter worth $63,000. Smartleaf Asset Management LLC raised its holdings in shares of 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, GAMMA Investing LLC lifted its position in Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after acquiring 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.