J.P. Morgan analyst Pablo Singzon maintained a Buy rating on BRP Group (BRP – Research Report) yesterday and set a price target of $31.00. The company’s shares closed yesterday at $30.38.
Singzon covers the Financial sector, focusing on stocks such as BRP Group, Kinsale Capital Group, and GooseHead Insurance. According to TipRanks, Singzon has an average return of 15.6% and a 70.59% success rate on recommended stocks.
BRP Group has an analyst consensus of Strong Buy, with a price target consensus of $30.75, implying a 1.22% upside from current levels. In a report released on August 9, Wells Fargo also maintained a Buy rating on the stock with a $34.00 price target.
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The company has a one-year high of $45.36 and a one-year low of $17.08. Currently, BRP Group has an average volume of 528.3K.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRP in relation to earlier this year.
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BRP Group, Inc. provides insurance services. It operates through the following four segments: Middle Market, Specialty, Mainstreet, and Medicare. The Middle Market segment provides private risk management, commercial risk management and employee benefits solutions for mid-to-large size businesses and high net worth individuals and families. The Specialty segment is a wholesale co-brokerage platform, which delivers specialty insurers, professionals, individuals and niche industry businesses expanded access to exclusive specialty markets, capabilities and programs requiring complex underwriting and placement. The Mainstreet segment offers personal insurance, commercial insurance and life and health solutions to individuals and businesses in their communities. The Medicare segment offers consultation for government assistance programs and solutions, including traditional Medicare and Medicare Advantage. The company was founded by Elizabeth H. Krystyn, Laura R. Sherman and Lowry L. Baldwin in 2011 and is headquartered in Tampa, FL.
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