Diversified Trust Co raised its holdings in BRP Group, Inc. (NASDAQ:BRP – Get Rating) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,675 shares of the company's stock after acquiring an additional 2,250 shares during the quarter. Diversified Trust Co's holdings in BRP Group were worth $499,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Champlain Investment Partners LLC increased its position in shares of BRP Group by 18.8% during the first quarter. Champlain Investment Partners LLC now owns 3,191,165 shares of the company's stock worth $85,619,000 after buying an additional 505,635 shares during the period. Full18 Capital LLC lifted its stake in shares of BRP Group by 478.6% in the first quarter. Full18 Capital LLC now owns 305,176 shares of the company's stock valued at $8,601,000 after buying an additional 252,433 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BRP Group in the first quarter valued at $4,504,000. Rockefeller Capital Management L.P. lifted its stake in shares of BRP Group by 26.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 689,596 shares of the company's stock valued at $24,899,000 after buying an additional 145,346 shares in the last quarter. Finally, Emerald Advisers LLC lifted its stake in shares of BRP Group by 10.7% in the first quarter. Emerald Advisers LLC now owns 1,184,696 shares of the company's stock valued at $31,785,000 after buying an additional 114,030 shares in the last quarter. 49.20% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Raymond James raised their price objective on shares of BRP Group from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, August 11th. Jefferies Financial Group dropped their price target on shares of BRP Group from $27.00 to $26.00 and set a "hold" rating on the stock in a research report on Tuesday, July 12th. Morgan Stanley raised their price target on shares of BRP Group from $26.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, August 19th. Finally, Desjardins dropped their price target on shares of BRP Group from C$154.00 to C$152.00 in a research report on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.88.
BRP Group Stock Performance
NASDAQ BRP opened at $28.35 on Thursday. BRP Group, Inc. has a 52-week low of $17.08 and a 52-week high of $45.36. The company has a 50-day simple moving average of $30.17 and a 200 day simple moving average of $26.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $3.27 billion, a PE ratio of -177.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.
BRP Group (NASDAQ:BRP – Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The business had revenue of $232.46 million during the quarter, compared to the consensus estimate of $220.48 million. BRP Group had a negative net margin of 0.52% and a positive return on equity of 6.49%. On average, research analysts predict that BRP Group, Inc. will post 0.8 EPS for the current year.
BRP Group Company Profile
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BRP Group, Inc markets and sells insurance products and services in the United States. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The Middle Market segment provides commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.
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