Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $5,281,283.84 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84. Following the sale, the insider now owns 132,349 shares of the company's stock, valued at $15,990,406.18. This represents a 24.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The shares were sold at an average price of $120.12, for a total transaction of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00.

Goosehead Insurance Stock Down 1.9 %

Shares of Goosehead Insurance stock traded down $2.28 during trading on Friday, reaching $118.40. The company had a trading volume of 108,235 shares, compared to its average volume of 281,185. 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 fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm's fifty day moving average is $113.42 and its 200-day moving average is $108.57. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 164.45, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49.

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Goosehead Insurance Increases Dividend

The company also recently announced 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 presently 400.00%.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently made changes to their positions in GSHD. Thrivent Financial for Lutherans increased its stake in Goosehead Insurance by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company's stock valued at $2,114,000 after purchasing an additional 2,714 shares during the last quarter. Quest Partners LLC bought a new position in shares of Goosehead Insurance in the 3rd quarter worth about $81,000. Pathstone Holdings LLC boosted its holdings in shares of Goosehead Insurance by 31.4% in the 3rd quarter. Pathstone Holdings LLC now owns 15,681 shares of the company's stock valued at $1,400,000 after buying an additional 3,747 shares during the period. Intech Investment Management LLC bought a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $593,000. Finally, FMR LLC raised its stake in Goosehead Insurance by 54.8% during the third quarter. FMR LLC now owns 1,446 shares of the company's stock worth $129,000 after acquiring an additional 512 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on GSHD shares. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Bank of America increased their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. raised 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. Truist Financial restated a "hold" rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, UBS Group increased their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Goosehead Insurance has an average rating of "Hold" and a consensus price target of $109.10.

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.