Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $60,060.00 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total transaction of $60,060.00. Following the transaction, the insider now owns 132,349 shares of the company's stock, valued at $15,897,761.88. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• 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 value of $2,412,564.00.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded down $1.55 during mid-day trading on Tuesday, reaching $114.48. 204,920 shares of the stock traded hands, compared to its average volume of 281,638. The stock has a market capitalization of $4.25 billion, a PE ratio of 159.00, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50-day moving average is $111.37 and its 200-day moving average is $106.48. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $130.39.

Remove Ads

Goosehead Insurance Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Goosehead Insurance's previous dividend of $1.63. Goosehead Insurance's dividend payout ratio is 400.00%.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Goosehead Insurance during the 4th quarter worth $39,000. Kestra Investment Management LLC bought a new position in Goosehead Insurance in the 4th quarter worth $63,000. GAMMA Investing LLC lifted its position in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company's stock valued at $65,000 after purchasing an additional 257 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after acquiring an additional 509 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance during the 3rd quarter worth approximately $63,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. UBS Group upped their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Bank of America raised their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $109.10.

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.