Goosehead Insurance, Inc (NASDAQ:GSHD) Director Sells $24,876,750.00 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now owns 339,008 shares of the company’s stock, valued at $41,138,620.80. The trade was a 37.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $117.32 on Friday. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The stock has a fifty day moving average of $109.73 and a 200 day moving average of $104.47. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 162.95, 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. Stockholders of record on Tuesday, January 21st were given a dividend of $5.91 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Analyst Ratings Changes

GSHD has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of 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 upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. 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. JPMorgan Chase & Co. increased their target price on 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 lifted their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after purchasing an additional 138,571 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after buying an additional 19,980 shares in the last quarter. State Street Corp raised its position in shares of Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after buying an additional 185,037 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after acquiring an additional 220,267 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after acquiring an additional 5,969 shares in the last quarter.

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.