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NASDAQ:BRP

BRP Group - BRP Stock Forecast, Price & News

$32.49
-0.37 (-1.13%)
(As of 08/16/2022 03:10 PM ET)
Add
Compare
Today's Range
$32.09
$33.00
50-Day Range
$23.41
$32.86
52-Week Range
$17.08
$45.36
Volume
9,608 shs
Average Volume
307,871 shs
Market Capitalization
$3.74 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$46.63

BRP Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
42.0% Upside
$46.63 Price Target
Short Interest
Healthy
2.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.69mentions of BRP Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$274,320 Bought Last Quarter
Proj. Earnings Growth
25.88%
From $0.85 to $1.07 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Finance Sector

209th out of 924 stocks

Insurance Agents, Brokers, & Service Industry

2nd out of 18 stocks

BRP stock logo

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.

Wall Street Analysts Forecast Growth

BRP has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price objective on shares of BRP Group from $27.00 to $26.00 and set a "hold" rating for the company in a report on Tuesday, July 12th. Desjardins decreased their price objective on shares of BRP Group from C$154.00 to C$152.00 in a report on Tuesday, June 7th. Raymond James lifted their price objective on shares of BRP Group from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, August 11th. Finally, UBS Group initiated coverage on shares of BRP Group in a report on Monday, April 18th. They set a "buy" rating and a $30.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.63.

BRP Group Stock Down 0.8 %

Shares of NASDAQ:BRP traded down $0.26 during trading hours on Tuesday, hitting $32.60. The company's stock had a trading volume of 7,285 shares, compared to its average volume of 307,871. BRP Group has a 52 week low of $17.08 and a 52 week high of $45.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -205.36, a P/E/G ratio of 1.52 and a beta of 1.62. The firm's fifty day moving average price is $26.89 and its 200 day moving average price is $25.30.

BRP Group (NASDAQ:BRP - Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. BRP Group had a negative net margin of 0.52% and a positive return on equity of 6.49%. As a group, research analysts expect that BRP Group will post 0.85 EPS for the current year.

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BRP Stock News Headlines

BRP Crosses Above Average Analyst Target
1 Stock With Growth Potential
This could be one of the best stocks to consider during this bear market run.
BRP Group (NYSE:BRP) Shares Gap Up After Strong Earnings
BRP Group, Inc. Announces Second Quarter 2022 Results
BRP Crosses Above Key Moving Average Level
1 Stock With Growth Potential
This could be one of the best stocks to consider during this bear market run.
BRP GROUP, INC. Announces Executive Appointments
BRP Group Inc. Cl A
LFC vs. BRP: Which Stock Is the Better Value Option?
Where BRP Group Stands With Analysts
BRP Group smashed revenue estimates in Q1
See More Headlines
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BRP Company Calendar

Last Earnings
8/09/2022
Today
8/16/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:BRP
Fax
N/A
Employees
2,803
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$46.63
High Stock Price Forecast
$152.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+43.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$-30,650,000.00
Pretax Margin
-0.98%

Debt

Sales & Book Value

Annual Sales
$567.29 million
Cash Flow
$1.06 per share
Book Value
$10.33 per share

Miscellaneous

Free Float
88,309,000
Market Cap
$3.74 billion
Optionable
Not Optionable
Beta
1.62

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













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 year. 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 brokerages have issued 12-month price objectives for BRP Group's shares. Their BRP share price forecasts range from $26.00 to $152.00. On average, they predict the company's stock price to reach $46.63 in the next twelve months. This suggests a possible upside of 41.9% 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 at the beginning of the year. Since then, BRP shares have decreased by 9.0% and is now trading at $32.86.
View the best growth stocks for 2022 here
.

Are investors shorting BRP Group?

BRP Group saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,930,000 shares, a decrease of 10.4% from the July 15th total of 3,270,000 shares. Based on an average trading volume of 574,700 shares, the short-interest ratio is presently 5.1 days.
View BRP Group's Short Interest
.

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) released its earnings results on Tuesday, August, 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. 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 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 acted 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."

Who are BRP Group's major shareholders?

BRP Group's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (4.60%), Aristotle Capital Boston LLC (1.32%), Emerald Advisers LLC (0.99%), Loomis Sayles & Co. L P (0.95%), State Street Corp (0.91%) and Point72 Asset Management L.P. (0.66%). Insiders that own company stock include Jay A Cohen, John A Valentine, Joseph D Finney, Kristopher Aaron Wiebeck, Loper Enterprises, Llc, Lowry Baldwin, Robert D Eddy, Seth Bala Cohen and Trevor Baldwin.
View institutional ownership trends
.

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 $32.86.

How much money does BRP Group make?

BRP Group (NASDAQ:BRP) has a market capitalization of $3.79 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 8/16/2022 by MarketBeat.com Staff

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