NASDAQ:BRP

BRP Group - BRP Stock Forecast, Price & News

$26.35

+0.07 (+0.27%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $25.90
▼
$26.89
50-Day Range: $25.86
▼
$33.32
52-Week Range: $17.08
▼
$45.36

Volume: 401,378 shs
Average Volume: 292,252 shs
Market Capitalization: $3.04 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $47.88

BRP Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 81.7% Upside
$47.88 Price Target
Short Interest: Healthy
2.17% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.28
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$4.97 M Bought Last Quarter
Proj. Earnings Growth: 28.75%
From $0.80 to $1.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Finance Sector

245th out of 926 stocks

Insurance Agents, Brokers, & Service Industry

5th out of 17 stocks

3.4

Analyst's Opinion

Consensus Rating
BRP Group has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.88, BRP Group has a forecasted upside of 81.7% from its current price of $26.35.
Amount of Analyst Coverage
BRP Group has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.17% of the outstanding shares of BRP Group have been sold short.
Short Interest Ratio / Days to Cover
BRP Group has a short interest ratio ("days to cover") of 7.6.
Change versus previous month
Short interest in BRP Group has recently decreased by 9.75%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
BRP Group does not currently pay a dividend.
Dividend Growth
BRP Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BRP.

2.9

News and Social Media Coverage

News Sentiment
BRP Group has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for BRP Group this week, compared to 2 articles on an average week.
Search Interest
Only 4 people have searched for BRP on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added BRP Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BRP Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $4,965,640.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
23.36% of the stock of BRP Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
49.20% of the stock of BRP Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for BRP Group are expected to grow by 28.75% in the coming year, from $0.80 to $1.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BRP Group is -164.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of BRP Group is -164.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
BRP Group has a PEG Ratio of 1.34. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
BRP Group has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About BRP Group (NASDAQ:BRP) Stock

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. The Specialty segment delivers specialty insurers, professionals, individuals, and industry businesses the access to specialty markets, as well as capabilities and programs requiring underwriting and placement. This segment also operates as a managing general agent of the Future platform, which delivers proprietary, technology-enabled insurance solutions. The MainStreet segment offers personal insurance, commercial insurance, and life and health solutions to individuals and businesses in its communities. The Medicare segment provides consultation for government assistance programs and solutions, including Medicare and Medicare Advantage to seniors and Medicare-eligible individuals through a network of primarily independent contractor agents. The company was founded in 2011 and is headquartered in Tampa, Florida.

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BRP Stock News Headlines

September 24, 2022 | americanbankingnews.com

Lowry Baldwin Acquires 172,000 Shares of BRP Group, Inc. (NASDAQ:BRP) Stock

September 21, 2022 | apnews.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BRP Group,

September 20, 2022 | nasdaq.com

BRP Makes Notable Cross Below Critical Moving Average

September 16, 2022 | benzinga.com

BRP ALERT: Bragar Eagel & Squire, P.C. is Investigating BRP Group, Inc. on Behalf of BRP Stockholders and Encourages Investors to Contact the Firm

September 15, 2022 | apnews.com

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in BRP Group, Inc. with Losses of $100,000 to Contact the Firm

September 10, 2022 | seekingalpha.com

BRP Group (CINF) Investor Presentation - Slideshow

September 8, 2022 | finance.yahoo.com

AHT INSURANCE ANNOUNCES THE ADDITION OF MICHAEL WRIGHT AS MANAGING DIRECTOR, EMPLOYEE BENEFITS GROUP

September 1, 2022 | finance.yahoo.com

BRP Group announces Guided Solutions’ Charlotte Headquarters Expansion for Sales Center and Tech Hub

August 25, 2022 | nasdaq.com

Shareholders in BRP Group (NASDAQ:BRP) have lost 11%, as stock drops 7.3% this past week

August 24, 2022 | msn.com

USF Sarasota-Manatee receives largest donation in campus history from Tampa-based firm

August 24, 2022 | finance.yahoo.com

USF Sarasota-Manatee business college to be renamed after Tampa company's $5.2M donation

August 22, 2022 | finance.yahoo.com

WESTWOOD INSURANCE AGENCY RANKED TOP 100 P&C AGENCY BY INSURANCE JOURNAL

August 20, 2022 | benzinga.com

CONSTRUCTION RISK PARTNERS WELCOMES MARK GLORIOD...

August 18, 2022 | finance.yahoo.com

CONSTRUCTION RISK PARTNERS WELCOMES MARK GLORIOD AS PARTNER

August 16, 2022 | seekingalpha.com

BRP Group, Inc. 2022 Q2 - Results - Earnings Call Presentation

August 15, 2022 | finance.yahoo.com

Ski-Doo maker BRP resumes operations following cyber attack; shares fluctuate

August 14, 2022 | nasdaq.com

BRP Crosses Above Average Analyst Target

August 10, 2022 | apnews.com

Burnham Benefits partners with Soles4Souls to provide 1,000+ pairs of shoes to homeless youth

August 10, 2022 | seekingalpha.com

BRP Group, Inc. (BRP) CEO Trevor Baldwin on Q2 2022 Results - Earnings Call Transcript

August 9, 2022 | finance.yahoo.com

BRP Group, Inc. Announces Second Quarter 2022 Results

August 8, 2022 | nasdaq.com

BRP Crosses Above Key Moving Average Level

August 3, 2022 | morningstar.com

BRP Group, Inc. Announces Acquisition of National Health Plans & Benefits Agency, LLC | Morningstar

August 3, 2022 | finance.yahoo.com

BRP GROUP, INC. Announces Executive Appointments

July 23, 2022 | wsj.com

BRP Group Inc. Cl A

July 18, 2022 | finance.yahoo.com

LFC vs. BRP: Which Stock Is the Better Value Option?

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30 days | 90 days | 365 days | Advanced Chart

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BRP Company Calendar

Last Earnings: 8/09/2022
Today: 10/01/2022
Next Earnings (Estimated): 11/14/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Insurance agents, brokers, & service
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:BRP
CUSIP: N/A
CIK: 1781755
Web: www.baldwinriskpartners.com
Phone: 866-279-0698
Fax: N/A
Employees: 2,803
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $47.88
High Stock Price Forecast: $152.00
Low Stock Price Forecast: $26.00
Forecasted Upside/Downside: +81.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 32.94
P/E Growth: 1.34
Net Income: $-30,650,000.00
Net Margins: -0.52%
Pretax Margin: -0.98%
Return on Equity: 6.49%
Return on Assets: 2.72%

Debt

Debt-to-Equity Ratio: 1.06
Current Ratio: 1.27
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: $567.29 million
Price / Sales: 5.35
Cash Flow: $1.03 per share
Price / Cash Flow: 25.52
Book Value: $10.33 per share
Price / Book: 2.55

Miscellaneous

Outstanding Shares: 115,230,000
Free Float: 88,309,000
Market Cap: $3.04 billion
Optionable: Not Optionable
Beta: 1.53

Key Executives

Mr. L. Lowry Baldwin (Age 63)
Co-Founder & Chairman
Comp: $599.84k

Mr. Trevor L. Baldwin (Age 35)
CEO & Director
Comp: $2.1M

Mr. Bradford Lenzie Hale (Age 42)
Chief Financial Officer
Comp: $863k

Mr. Daniel Galbraith (Age 41)
Chief Operating Officer
Comp: $871.75k

Ms. Corbyn N. Galloway (Age 30)
Chief Accounting Officer
Comp: $401.49k

Mr. Kristopher Aaron Wiebeck (Age 39)
Chief Strategy Officer & Director
Comp: $902.43k

Mr. John A. Valentine
Chief Partnership Officer

Ms. Elizabeth H. Krystyn
Co-Founder

Ms. Laura Rice Sherman
Co-founder

Ms. Jo Cooey
Information Technology Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BRP Stock - Frequently Asked Questions

Should I buy or sell BRP Group stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BRP Group in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BRP shares.
View BRP analyst ratings or view top-rated stocks.
What is BRP Group's stock price forecast for 2022?: 7 analysts have issued 12-month price targets for BRP Group's shares. Their BRP share price forecasts range from $26.00 to $152.00. On average, they expect the company's share price to reach $47.88 in the next year. This suggests a possible upside of 81.7% from the stock's current price.
View analysts price targets for BRP or view top-rated stocks among Wall Street analysts.
How have BRP shares performed in 2022?: BRP Group's stock was trading at $36.11 on January 1st, 2022. Since then, BRP shares have decreased by 27.0% and is now trading at $26.35.
View the best growth stocks for 2022 here.
When is BRP Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our BRP earnings forecast.
How were BRP Group's earnings last quarter?: BRP Group, Inc. (NASDAQ:BRP) posted its quarterly earnings data on Tuesday, August, 9th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business earned $232.46 million during the quarter, compared to the consensus estimate of $220.48 million. BRP Group had a positive trailing twelve-month return on equity of 6.49% and a negative net margin of 0.52%.
What is Trevor Baldwin's approval rating as BRP Group's CEO?: 19 employees have rated BRP Group Chief Executive Officer Trevor Baldwin on Glassdoor.com. Trevor Baldwin has an approval rating of 100% among the company's employees. This puts Trevor Baldwin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 91.0% of employees surveyed would recommend working at BRP Group to a friend.

When did BRP Group IPO?: (BRP) raised $246 million in an initial public offering (IPO) on Thursday, October 24th 2019. The company issued 16,400,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan and BofA Merrill Lynch served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Raymond James and Keefe Bruyette & Woods (A Stifel Company) were co-managers.
What is BRP Group's stock symbol?: BRP Group trades on the NASDAQ under the ticker symbol "BRP."
How do I buy shares of BRP Group?: Shares of BRP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is BRP Group's stock price today?: One share of BRP stock can currently be purchased for approximately $26.35.
How much money does BRP Group make?: BRP Group (NASDAQ:BRP) has a market capitalization of $3.04 billion and generates $567.29 million in revenue each year. The company earns $-30,650,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.
How many employees does BRP Group have?: The company employs 2,803 workers across the globe.
How can I contact BRP Group?: BRP Group's mailing address is 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL, 33607. The official website for the company is www.baldwinriskpartners.com. The company can be reached via phone at 866-279-0698 or via email at ir@baldwinriskpartners.com.

This page (NASDAQ:BRP) was last updated on 10/1/2022 by MarketBeat.com Staff

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BRP Group - BRP Stock Forecast, Price & News

BRP Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows