Goosehead Insurance, Inc (NASDAQ:GSHD) Plans Dividend Increase – $5.91 Per Share

Goosehead Insurance, Inc (NASDAQ:GSHD) announced a dividend on Thursday, January 9th,NASDAQ Dividends reports. Shareholders of record on Tuesday, January 21st will be given a dividend of 5.91 per share on Friday, January 31st. The ex-dividend date is Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $110.35 on Friday. The stock has a market cap of $4.10 billion, a P/E ratio of 153.27, a P/E/G ratio of 2.97 and a beta of 1.41. 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’s fifty day moving average is $114.24 and its 200 day moving average is $95.75. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that Goosehead Insurance will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

GSHD has been the topic of a number of research analyst reports. TD Cowen boosted 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. JMP Securities upped their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Piper Sandler raised their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Royal Bank of Canada upped their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets lifted their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and an average target price of $99.20.

Insider Activity

In related news, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. Corporate insiders own 38.03% of the company’s stock.

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.