Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells 500 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 Up 1.3 %

Shares of NASDAQ:GSHD opened at $113.10 on Monday. 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 quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $4.20 billion, a P/E ratio of 157.09, a P/E/G ratio of 5.17 and a beta of 1.49. The stock has a 50 day moving average price of $111.12 and a 200-day moving average price of $106.26.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. State of New Jersey Common Pension Fund D bought a new position in Goosehead Insurance during the 3rd quarter valued at approximately $2,134,000. Los Angeles Capital Management LLC bought a new position in Goosehead Insurance during the 3rd quarter valued at approximately $780,000. Oppenheimer Asset Management Inc. increased its position in Goosehead Insurance by 5.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,230 shares of the company’s stock valued at $3,593,000 after buying an additional 2,214 shares in the last quarter. Natixis Advisors LLC increased its position in Goosehead Insurance by 2.4% during the 3rd quarter. Natixis Advisors LLC now owns 72,171 shares of the company’s stock valued at $6,445,000 after buying an additional 1,688 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Goosehead Insurance by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company’s stock valued at $2,114,000 after buying an additional 2,714 shares in the last quarter.

Analysts Set New Price Targets

GSHD has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. UBS Group increased their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, TD Cowen increased their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance currently 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.