American Century Companies Inc. Has $69.60 Million Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

American Century Companies Inc. lifted its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 51.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 649,104 shares of the company’s stock after acquiring an additional 220,267 shares during the period. American Century Companies Inc.’s holdings in Goosehead Insurance were worth $69,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. R Squared Ltd bought a new stake in Goosehead Insurance in the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $63,000. Kestra Investment Management LLC bought a new stake in Goosehead Insurance in the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC raised its position in Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after purchasing an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GSHD shares. Keefe, Bruyette & Woods upped their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. UBS Group upped their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. 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. According to data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and a consensus target price of $109.10.

Insider Buying and Selling at Goosehead Insurance

In other news, CFO Mark E. Jr. Jones purchased 1,010 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 265,100 shares of company stock worth $32,110,974. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $121.30 on Wednesday. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm’s 50 day moving average is $112.97 and its 200-day moving average is $107.80. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 168.47, a PEG ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is currently 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.