Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells 19,600 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $16,290,838.41. This trade represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $117.24 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 stock has a market cap of $4.35 billion, a PE ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. The firm’s 50 day moving average price is $110.22 and its two-hundred day moving average price is $105.11.

Goosehead Insurance Increases Dividend

The company 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. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio (DPR) is currently 400.00%.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Whitebark Investors LP acquired a new position in Goosehead Insurance in the fourth quarter valued at about $55,326,000. 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 valued at $69,597,000 after purchasing an additional 220,267 shares in the last quarter. State Street Corp grew its position in shares of 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 purchasing an additional 185,037 shares during the period. Wasatch Advisors LP increased 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 worth $233,872,000 after purchasing an additional 138,571 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings 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 buying an additional 96,309 shares during the period.

Analyst Ratings Changes

A number of brokerages have commented on GSHD. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Bank of America increased their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. TD Cowen raised their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. UBS Group boosted their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. 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. According to data from MarketBeat, the stock currently has an average 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.