Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 19,600 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Goosehead Insurance Stock Performance

Shares of GSHD traded down $2.58 during trading hours on Tuesday, hitting $114.02. The company's stock had a trading volume of 122,934 shares, compared to its average volume of 265,419. The business has a 50 day simple moving average of $110.22 and a two-hundred day simple moving average of $105.11. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. 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 cap of $4.23 billion, a price-to-earnings ratio of 158.33, a PEG ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The firm also recently announced 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. This is a boost from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance's payout ratio is presently 400.00%.

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Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently made changes to their positions in GSHD. R Squared Ltd bought a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Goosehead Insurance during the third quarter valued at about $63,000. Kestra Investment Management LLC bought a new position in shares of Goosehead Insurance during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 position in Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after purchasing an additional 257 shares during the period.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Bank of America raised their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. TD Cowen increased their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. BMO Capital Markets lifted their price target on shares of 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, UBS Group upped their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.