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

American Century Companies Inc. boosted its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent Form 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 period. American Century Companies Inc. owned about 1.75% of Goosehead Insurance worth $69,597,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GSHD. Thrivent Financial for Lutherans lifted its position in shares of Goosehead Insurance by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,665 shares of the company's stock worth $2,114,000 after buying an additional 2,714 shares during the period. Quest Partners LLC acquired a new position in Goosehead Insurance during the third quarter worth $81,000. Pathstone Holdings LLC lifted its holdings in shares of Goosehead Insurance by 31.4% during the third quarter. Pathstone Holdings LLC now owns 15,681 shares of the company's stock valued at $1,400,000 after acquiring an additional 3,747 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $593,000. Finally, FMR LLC grew its holdings in shares of Goosehead Insurance by 54.8% in the 3rd quarter. FMR LLC now owns 1,446 shares of the company's stock worth $129,000 after purchasing an additional 512 shares during the last quarter.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock worth $37,392,258 over the last three months. 48.35% of the stock is currently owned by company insiders.

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Goosehead Insurance Trading Down 1.9 %

GSHD traded down $2.28 during mid-day trading on Friday, reaching $118.40. The stock had a trading volume of 108,235 shares, compared to its average volume of 281,185. The stock has a market capitalization of $4.39 billion, a P/E ratio of 164.45, a P/E/G ratio of 5.17 and a beta of 1.49. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm's fifty day simple moving average is $113.42 and its two-hundred day simple moving average is $108.38.

Goosehead Insurance Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on GSHD. Truist Financial reissued a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. 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. UBS Group increased their price target on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Bank of America raised their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus 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.