Analysts Offer Insights on Financial Companies: Runway Growth Finance Corp (RWAY), Ally Financial (ALLY) and BRP Group (BRP)

Analysts fell to the sidelines weighing in on Runway Growth Finance Corp (RWAY – Research Report), Ally Financial (ALLY – Research Report) and BRP Group (BRP – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Runway Growth Finance Corp (RWAY)

J.P. Morgan analyst Melissa Wedel maintained a Hold rating on Runway Growth Finance Corp yesterday and set a price target of $12.50. The company’s shares closed last Tuesday at $13.25, close to its 52-week high of $13.74.

According to TipRanks.com, Wedel is a 4-star analyst with an average return of 14.2% and a 75.0% success rate. Wedel covers the Financial sector, focusing on stocks such as Blackstone Secured Lending Fund, Oaktree Specialty Lending, and FS KKR Capital.

Currently, the analyst consensus on Runway Growth Finance Corp is a Hold with an average price target of $12.69, which is a -4.6% downside from current levels. In a report released today, Compass Point also downgraded the stock to Hold with a $12.75 price target.

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Ally Financial (ALLY)

Barclays analyst Jason Goldberg maintained a Hold rating on Ally Financial today and set a price target of $43.00. The company’s shares closed last Tuesday at $39.40, close to its 52-week high of $41.56.

According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 10.7% and a 61.5% success rate. Goldberg covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon Corporation, and First Citizens BancShares.

Currently, the analyst consensus on Ally Financial is a Hold with an average price target of $40.20.

BRP Group (BRP)

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on BRP Group yesterday and set a price target of $28.00. The company’s shares closed last Tuesday at $28.03.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 9.0% and a 64.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as Hamilton Insurance Group, Ltd. Class B, American International Group, and Corebridge Financial, Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BRP Group with a $31.67 average price target.

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Read More on RWAY:

• Runway Growth Finance Corp. Reports First Quarter 2024 Financial Results
• Runway Growth Finance announces Q2 dividend of 40c, special dividend of 7c
• Runway Growth Finance Corp. Announces Second Quarter Regular Dividend of $0.40 and $0.07 Supplemental Distribution
• Runway Growth Finance Corp. Announces Date for First Quarter 2024 Financial Results and Conference Call
• Runway Growth Finance funded two investments in Q1