Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $109.10 Consensus Target Price from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) has been given a consensus rating of "Hold" by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $109.10.

Several research firms recently issued reports on GSHD. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. 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. Truist Financial reiterated a "hold" rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, Bank of America upped their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was 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 approximately $15,897,761.88. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, with a total value of $119,200.20. Following the completion of the acquisition, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 308,812 shares of company stock worth $37,392,258. 48.35% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently modified their holdings of the business. Whitebark Investors LP purchased a new position in Goosehead Insurance during the 4th quarter worth $55,326,000. American Century Companies Inc. grew its holdings in shares of Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after buying an additional 220,267 shares during the last quarter. State Street Corp increased its position in Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company's stock valued at $94,595,000 after acquiring an additional 185,037 shares during the period. Wasatch Advisors LP raised its stake in Goosehead Insurance by 5.6% during the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock valued at $233,872,000 after acquiring an additional 138,571 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Goosehead Insurance by 89.5% during 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 during the period.

Goosehead Insurance Trading Up 1.0 %

NASDAQ GSHD traded up $1.19 on Friday, reaching $119.26. The stock had a trading volume of 28,015 shares, compared to its average volume of 279,952. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a fifty day moving average price of $113.81 and a two-hundred day moving average price of $109.00. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 165.67, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. 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 (DPR) is presently 400.00%.

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.