Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 43,712 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at $15,990,406.18. This trade represents a 24.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The shares were sold at an average price of $120.12, for a total value of $60,060.00.
• 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 Price Performance

NASDAQ GSHD opened at $118.75 on Thursday. The company has a market cap of $4.41 billion, a PE ratio of 164.93, a P/E/G ratio of 5.17 and a beta of 1.49. The firm’s 50 day moving average price is $113.13 and its 200-day moving average price is $107.88. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39.

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders 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 boost 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 made changes to their positions in GSHD. Geode Capital Management LLC boosted its position in Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after purchasing an additional 5,969 shares in the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after buying an additional 25,595 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Goosehead Insurance by 135.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after buying an additional 12,759 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Goosehead Insurance by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after buying an additional 4,333 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $247,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on GSHD. Keefe, Bruyette & Woods upped their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Truist Financial reaffirmed a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Bank of America raised 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. Finally, UBS Group boosted their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, March 7th. One research 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 data from MarketBeat, the company presently has a consensus 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.