American Century Companies Inc. Sells 199,243 Shares of Goosehead Insurance $GSHD

American Century Companies Inc. trimmed its stake in Goosehead Insurance (NASDAQ:GSHD) by 46.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,936 shares of the company’s stock after selling 199,243 shares during the period. American Century Companies Inc. owned about 0.62% of Goosehead Insurance worth $16,963,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GSHD. Bank of Montreal Can boosted its holdings in Goosehead Insurance by 2.2% in the second quarter. Bank of Montreal Can now owns 5,299 shares of the company’s stock valued at $559,000 after acquiring an additional 116 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Goosehead Insurance by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company’s stock worth $257,000 after buying an additional 159 shares during the period. The Manufacturers Life Insurance Company raised its stake in Goosehead Insurance by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock worth $1,268,000 after buying an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Goosehead Insurance by 0.4% in the third quarter. Rhumbline Advisers now owns 69,012 shares of the company’s stock valued at $5,136,000 after buying an additional 284 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GSHD shares. Citizens Jmp decreased their price target on Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. UBS Group decreased their target price on Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Truist Financial lowered their target price on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods dropped their price target on Goosehead Insurance from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.78.

Goosehead Insurance Trading Down 3.5%

Shares of GSHD stock opened at $46.19 on Wednesday. The firm has a fifty day simple moving average of $60.63 and a two-hundred day simple moving average of $69.37. Goosehead Insurance has a 12 month low of $42.87 and a 12 month high of $127.99. The firm has a market capitalization of $1.69 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 3.38 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. During the same period last year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Louis Goldberg acquired 5,575 shares of the company’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the purchase, the director owned 5,575 shares in the company, valued at approximately $250,038.75. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 37.76% of the company’s stock.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.