American Century Companies Inc. Sells 70,160 Shares of Goosehead Insurance $GSHD

American Century Companies Inc. lessened its stake in Goosehead Insurance (NASDAQ:GSHD) by 14.1% in the second quarter, HoldingsChannel reports. The firm owned 427,179 shares of the company’s stock after selling 70,160 shares during the period. American Century Companies Inc.’s holdings in Goosehead Insurance were worth $45,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC grew its holdings in Goosehead Insurance by 20.6% during the second quarter. Segall Bryant & Hamill LLC now owns 94,547 shares of the company’s stock valued at $9,976,000 after purchasing an additional 16,146 shares during the period. Rhumbline Advisers boosted its position in shares of Goosehead Insurance by 7.5% during the second quarter. Rhumbline Advisers now owns 68,728 shares of the company’s stock worth $7,251,000 after purchasing an additional 4,783 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Goosehead Insurance by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 72,365 shares of the company’s stock valued at $7,635,000 after buying an additional 6,828 shares during the period. Swiss National Bank increased its position in shares of Goosehead Insurance by 6.5% in the 2nd quarter. Swiss National Bank now owns 47,800 shares of the company’s stock valued at $5,043,000 after buying an additional 2,900 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in Goosehead Insurance by 22.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 7,020 shares of the company’s stock worth $741,000 after buying an additional 1,267 shares during the period.

Insider Buying and Selling

In other news, General Counsel John Terry O’connor bought 2,100 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of $71.81 per share, with a total value of $150,801.00. Following the completion of the acquisition, the general counsel owned 3,100 shares of the company’s stock, valued at $222,611. This represents a 210.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark E. Jr. Jones bought 873 shares of Goosehead Insurance stock in a transaction dated Monday, October 27th. The stock was acquired at an average cost of $74.44 per share, with a total value of $64,986.12. Following the transaction, the chief financial officer owned 4,364 shares of the company’s stock, valued at $324,856.16. This trade represents a 25.01% increase in their position. The SEC filing for this purchase provides additional information. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Trading Down 0.3%

Shares of GSHD opened at $71.55 on Friday. The company’s fifty day simple moving average is $70.32 and its 200 day simple moving average is $87.05. Goosehead Insurance has a 1-year low of $64.40 and a 1-year high of $128.00. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 63.32, a PEG ratio of 11.71 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The business had revenue of $90.44 million during the quarter, compared to the consensus estimate of $94.25 million. During the same quarter in the prior year, the company earned $0.50 EPS. Goosehead Insurance’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a report on Friday, October 31st. Truist Financial dropped their price objective on shares of Goosehead Insurance from $85.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Finally, Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average target price of $92.11.

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.