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

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) Chairman Mark Evan Jones sold 40,000 shares of the business's stock in a transaction on 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 sale, the chairman now owns 38,951 shares in the company, valued at approximately $4,636,727.04. The trade was a 50.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Goosehead Insurance Trading Down 0.1 %

NASDAQ:GSHD traded down $0.08 during mid-day trading on Friday, hitting $117.24. 140,047 shares of the stock traded hands, compared to its average volume of 268,494. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The firm's 50 day moving average is $109.95 and its two-hundred day moving average is $104.56. 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 Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $5.91 per share. This is an increase from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance's dividend payout ratio is presently 400.00%.

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Analysts Set New Price Targets

Several brokerages have commented on GSHD. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. TD Cowen boosted their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Keefe, Bruyette & Woods boosted their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. UBS Group boosted their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.10.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently added to or reduced their stakes in the company. Whitebark Investors LP bought a new position in Goosehead Insurance in the 4th quarter worth about $55,326,000. American Century Companies Inc. grew its stake in Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after acquiring an additional 220,267 shares in the last quarter. State Street Corp grew its stake in Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company's stock worth $94,595,000 after acquiring an additional 185,037 shares in the last quarter. Wasatch Advisors LP grew its stake in Goosehead Insurance by 5.6% in the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock worth $233,872,000 after acquiring an additional 138,571 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after acquiring an additional 96,309 shares in the last quarter.

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.