American Century Companies Inc. Sells 151,765 Shares of Goosehead Insurance $GSHD

Key Points

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American Century Companies Inc. trimmed its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 497,339 shares of the company's stock after selling 151,765 shares during the period. American Century Companies Inc. owned approximately 1.33% of Goosehead Insurance worth $58,716,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after acquiring an additional 139 shares in the last quarter. TCTC Holdings LLC grew its holdings in shares of Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after purchasing an additional 178 shares during the last quarter. KBC Group NV increased its position in shares of Goosehead Insurance by 20.7% during the 1st quarter. KBC Group NV now owns 1,101 shares of the company's stock worth $130,000 after purchasing an additional 189 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Goosehead Insurance by 3.9% in the first quarter. HighTower Advisors LLC now owns 5,504 shares of the company's stock valued at $650,000 after buying an additional 205 shares in the last quarter.

Insider Activity at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 11,042 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total value of $1,216,828.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,665 shares of company stock worth $23,099,836. 48.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GSHD. JMP Securities reiterated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets reduced their price objective on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, July 25th. Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, UBS Group cut their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $110.91.

Goosehead Insurance Trading Up 3.4%

Goosehead Insurance stock traded up $2.91 during trading hours on Friday, reaching $89.49. 253,023 shares of the company's stock traded hands, compared to its average volume of 301,821. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 79.20, a PEG ratio of 7.58 and a beta of 1.31. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. Goosehead Insurance has a fifty-two week low of $79.58 and a fifty-two week high of $130.39. The firm's 50 day moving average is $95.28 and its 200-day moving average is $105.36.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. During the same period last year, the firm earned $0.43 earnings per share. The company's quarterly revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.