BRP Group, Inc. (NASDAQ:BRP – Get Rating) Chairman Lowry Baldwin bought 172,000 shares of the company's stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average price of $28.87 per share, for a total transaction of $4,965,640.00. Following the acquisition, the chairman now directly owns 172,000 shares in the company, valued at $4,965,640. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
BRP Group Stock Performance
NASDAQ BRP opened at $26.34 on Friday. The stock has a market cap of $3.04 billion, a P/E ratio of -164.61, a PEG ratio of 1.45 and a beta of 1.53. The company's 50-day simple moving average is $30.14 and its 200 day simple moving average is $26.91. BRP Group, Inc. has a twelve month low of $17.08 and a twelve month high of $45.36. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.06.
Get BRP Group alerts:BRP Group (NASDAQ:BRP – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The business had revenue of $232.46 million for the quarter, compared to analysts' expectations of $220.48 million. BRP Group had a negative net margin of 0.52% and a positive return on equity of 6.49%. As a group, research analysts forecast that BRP Group, Inc. will post 0.8 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Raymond James lifted their target price on shares of BRP Group from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, August 11th. Morgan Stanley boosted their price objective on shares of BRP Group from $26.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, August 19th. Desjardins dropped their price objective on shares of BRP Group from C$154.00 to C$152.00 in a report on Tuesday, June 7th. Finally, Jefferies Financial Group dropped their price objective on shares of BRP Group from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.88.Institutional Trading of BRP Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its position in BRP Group by 4.3% in the fourth quarter. Raymond James & Associates now owns 9,904 shares of the company's stock valued at $358,000 after buying an additional 406 shares in the last quarter. Arizona State Retirement System boosted its position in BRP Group by 3.7% in the first quarter. Arizona State Retirement System now owns 15,390 shares of the company's stock valued at $413,000 after buying an additional 547 shares in the last quarter. M&T Bank Corp boosted its position in BRP Group by 7.6% in the first quarter. M&T Bank Corp now owns 8,283 shares of the company's stock valued at $223,000 after buying an additional 588 shares in the last quarter. Principal Financial Group Inc. boosted its position in BRP Group by 0.5% in the first quarter. Principal Financial Group Inc. now owns 125,206 shares of the company's stock valued at $3,359,000 after buying an additional 604 shares in the last quarter. Finally, First Horizon Advisors Inc. acquired a new position in BRP Group in the second quarter valued at about $25,000. Institutional investors own 49.20% of the company's stock.
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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