Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Goosehead Insurance Trading Down 0.1 %
GSHD stock traded down $0.08 during mid-day trading on Friday, reaching $117.24. 140,047 shares of the stock traded hands, compared to its average volume of 268,494. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $130.39. The stock has a market capitalization of $4.35 billion, a PE ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. The business has a 50-day moving average price of $109.95 and a two-hundred day moving average price of $104.56.
Goosehead Insurance Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $5.91 per share. 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 400.00%.
Analyst Ratings Changes
GSHD has been the topic of several research analyst reports. Bank of America boosted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. 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 upped their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Friday. JPMorgan Chase & Co. upped their price target 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. Finally, Truist Financial reaffirmed a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Goosehead Insurance has an average rating of "Hold" and a consensus target price of $109.10.
Get Our Latest Stock Analysis on Goosehead Insurance
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GSHD. Whitebark Investors LP bought a new position in shares of Goosehead Insurance in the fourth quarter worth about $55,326,000. American Century Companies Inc. grew its holdings in shares of Goosehead Insurance by 51.4% in the fourth 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 during the last quarter. State Street Corp grew its holdings in shares of Goosehead Insurance by 21.2% in the third 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 during the last quarter. Wasatch Advisors LP grew its holdings in shares of Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock worth $233,872,000 after purchasing an additional 138,571 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after purchasing an additional 96,309 shares during the last quarter.
About Goosehead Insurance
(
Get Free Report)
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.
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