Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 35.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 420,934 shares of the company’s stock after acquiring an additional 110,832 shares during the quarter. American Century Companies Inc. owned approximately 1.11% of Goosehead Insurance worth $24,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GSHD. Vanguard Group Inc. raised its stake in Goosehead Insurance by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after purchasing an additional 46,861 shares during the period. Wasatch Advisors LP increased its holdings in shares of Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after buying an additional 308,312 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of Goosehead Insurance by 407.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after buying an additional 428,355 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Goosehead Insurance by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock valued at $23,354,000 after acquiring an additional 30,626 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Goosehead Insurance by 14.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock worth $22,359,000 after acquiring an additional 37,805 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GSHD shares. Bank of America lifted their target price on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. UBS Group increased their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 25th. Finally, Truist Financial increased their price objective on shares of Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $80.40.

Insiders Place Their Bets

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the sale, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Mark Evan Jones sold 10,418 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $425,950. The disclosure for this sale can be found here. Insiders have sold a total of 52,798 shares of company stock worth $4,454,640 in the last quarter. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Price Performance

Shares of GSHD opened at $87.64 on Thursday. The company has a market cap of $3.33 billion, a P/E ratio of 141.35, a PEG ratio of 4.28 and a beta of 1.36. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $92.76. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The firm’s 50 day moving average price is $80.24 and its 200 day moving average price is $68.87.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $78.10 million for the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.75 earnings per share for the current fiscal 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.