Goosehead Insurance, Inc (NASDAQ:GSHD) CFO Mark E. Jr. Jones Buys 1,010 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) CFO Mark E. Jr. Jones acquired 1,010 shares of the firm's stock in a transaction on Friday, February 28th. The stock was bought at an average price 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. This represents a 75.83 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Goosehead Insurance Price Performance

Shares of GSHD stock traded down $0.08 during mid-day trading on Friday, hitting $117.24. The company had a trading volume of 140,047 shares, compared to its average volume of 268,494. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The stock's 50 day moving average price is $109.95 and its 200-day moving average price is $104.56. 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 company has a market capitalization of $4.35 billion, a P/E ratio of 162.84, a P/E/G ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given 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 payout ratio is currently 400.00%.

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Institutional Investors Weigh In On Goosehead Insurance

Several large investors have recently bought and sold shares of GSHD. Whitebark Investors LP bought a new stake in Goosehead Insurance in the fourth quarter worth $55,326,000. American Century Companies Inc. increased its position in 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 increased its position in 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 increased its position in 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. increased its position in 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GSHD. Bank of America upped their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 25th. Truist Financial reaffirmed a "hold" rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. 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 report on Friday. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. One 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.