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

American Century Companies Inc. raised its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 51.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 649,104 shares of the company’s stock after purchasing an additional 220,267 shares during the quarter. American Century Companies Inc. owned 1.75% of Goosehead Insurance worth $69,597,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in Goosehead Insurance during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the 3rd quarter valued at about $63,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC lifted its position in shares of 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 boosted its holdings in shares of 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.

Goosehead Insurance Trading Up 1.4 %

Shares of GSHD stock opened at $121.30 on Wednesday. The business’s 50 day moving average is $112.97 and its two-hundred day moving average is $107.80. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a market cap of $4.50 billion, a PE ratio of 168.47, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a $5.91 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is an increase from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is 400.00%.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction that occurred on 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 transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 265,100 shares of company stock valued at $32,110,974 in the last quarter. Insiders own 48.35% of the company’s stock.

Analysts Set New Price Targets

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

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.