Goosehead Insurance (NASDAQ:GSHD) Trading Up 5.7% – Still a Buy?

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) rose 5.7% on Monday . The stock traded as high as $105.35 and last traded at $106.60. Approximately 61,865 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 238,384 shares. The stock had previously closed at $100.87.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GSHD. TD Cowen increased their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Royal Bank of Canada lifted their target price on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, JMP Securities upped their price target on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $99.20.

Goosehead Insurance Stock Down 1.4 %

The business’s 50-day moving average price is $112.29 and its 200-day moving average price is $98.36. The firm has a market capitalization of $3.94 billion, a PE ratio of 147.60, a price-to-earnings-growth ratio of 4.23 and a beta of 1.41. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be given 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 is Tuesday, January 21st.

Insiders Place Their Bets

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares of the company’s stock, valued at $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Goosehead Insurance by 21.2% in the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after buying an additional 185,037 shares during the last quarter. Wasatch Advisors LP lifted its position 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 acquiring an additional 138,571 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Goosehead Insurance by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock valued at $22,580,000 after acquiring an additional 51,023 shares during the period. SG Americas Securities LLC grew its position in shares of Goosehead Insurance by 885.5% in the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock valued at $5,539,000 after purchasing an additional 46,420 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Goosehead Insurance in the third quarter worth about $2,134,000.

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.