American Century Companies Inc. Cuts Stock Holdings in Goosehead Insurance $GSHD

Key Points

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American Century Companies Inc. decreased its holdings in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 497,339 shares of the company's stock after selling 151,765 shares during the quarter. American Century Companies Inc. owned about 1.33% of Goosehead Insurance worth $58,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares during the period. TCTC Holdings LLC boosted its position in shares of Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after acquiring an additional 178 shares during the period. Larson Financial Group LLC boosted its position in shares of Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after acquiring an additional 388 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance in the first quarter valued at approximately $53,000. Finally, Simplex Trading LLC bought a new position in shares of Goosehead Insurance in the first quarter valued at approximately $88,000.

Goosehead Insurance Price Performance

Shares of GSHD traded up $2.91 during midday trading on Friday, reaching $89.49. The stock had a trading volume of 253,023 shares, compared to its average volume of 416,164. The company's 50-day moving average is $94.99 and its 200 day moving average is $105.22. Goosehead Insurance has a 12-month low of $79.58 and a 12-month high of $130.39. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 79.20, a price-to-earnings-growth ratio of 7.66 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) 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 firm had revenue of $94.03 million during the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. Goosehead Insurance's revenue for the quarter was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, equities analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the sale, the insider owned 132,349 shares of the company's stock, valued at approximately $11,677,152.27. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 258,665 shares of company stock worth $23,099,836. 37.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GSHD has been the topic of several research analyst reports. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler reaffirmed a "neutral" rating and issued a $109.00 price target (down previously from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. UBS Group decreased their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Finally, BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of "Hold" and a consensus price target of $110.91.

Goosehead Insurance 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.