Shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) have been assigned an average recommendation of "Hold" from the ten analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $109.10.
A number of brokerages recently weighed in on GSHD. UBS Group boosted their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. BMO Capital Markets raised their price target on 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 increased 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th.
Check Out Our Latest Research Report on Goosehead Insurance
Goosehead Insurance Stock Down 0.1 %
GSHD stock traded down $0.08 during trading on Tuesday, hitting $117.24. 139,347 shares of the company's stock were exchanged, compared to its average volume of 268,478. The business has a 50-day moving average price of $109.95 and a two-hundred day moving average price of $104.56. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. 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 has a 52-week low of $50.47 and a 52-week high of $130.39.
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. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's dividend payout ratio is presently 400.00%.
Insider Transactions at Goosehead Insurance
In other news, Chairman Mark Evan Jones sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the completion of the sale, the chairman now directly owns 38,951 shares of the company's stock, valued at $4,636,727.04. This trade represents a 50.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 38.03% of the company's stock.
Hedge Funds Weigh In On Goosehead Insurance
Large investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Goosehead Insurance in the fourth quarter valued at about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $63,000. Kestra Investment Management LLC purchased a new position in Goosehead Insurance in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC increased its stake in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after purchasing an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after purchasing an additional 257 shares during the last quarter.
About Goosehead Insurance
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Get Free ReportGoosehead 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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