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

Goosehead Insurance, Inc (NASDAQ:GSHD) has been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $105.10.

Several equities research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Bank of America lifted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Truist Financial reissued a “hold” rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after acquiring an additional 5,969 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock valued at $3,923,000 after acquiring an additional 25,595 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Goosehead Insurance by 135.1% in the third quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company’s stock valued at $1,982,000 after acquiring an additional 12,759 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at about $247,000. Finally, Verition Fund Management LLC acquired a new position in shares of Goosehead Insurance in the third quarter valued at about $616,000.

Goosehead Insurance Stock Down 2.2 %

Shares of NASDAQ:GSHD opened at $120.53 on Tuesday. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The company has a 50 day moving average of $108.66 and a 200-day moving average of $103.82. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. 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.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a $5.91 dividend. The ex-dividend date was Tuesday, January 21st. This is an increase from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio is 400.00%.

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.