Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Rating of “Hold” by Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have received an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $105.10.

A number of brokerages have recently issued reports on GSHD. Truist Financial restated a “hold” rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their target price on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. TD Cowen upped their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets upped their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in Goosehead Insurance in the 4th quarter valued at about $39,000. Kestra Investment Management LLC acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $63,000. GAMMA Investing LLC grew its position in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after buying an additional 257 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after buying an additional 509 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance during the 3rd quarter worth approximately $63,000.

Goosehead Insurance Trading Down 2.2 %

Shares of GSHD stock opened at $120.53 on Tuesday. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 167.41, a P/E/G ratio of 5.17 and a beta of 1.43. 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 fifty day moving average of $108.66 and a 200-day moving average of $103.82.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a $5.91 dividend. 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 presently 400.00%.

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.