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NASDAQ:BRP

BRP Group (BRP) Stock Forecast, Price & News

$24.43
-0.24 (-0.97%)
(As of 04:00 PM ET)
Compare
Today's Range
$24.26
$24.74
50-Day Range
$23.61
$27.00
52-Week Range
$19.26
$32.12
Volume
248,674 shs
Average Volume
364,324 shs
Market Capitalization
$2.85 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.20

BRP Group MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
23.6% Upside
$30.20 Price Target
Short Interest
Bearish
2.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of BRP Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$20.10 M Sold Last Quarter
Proj. Earnings Growth
54.93%
From $0.71 to $1.10 Per Share

Overall MarketRank

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

1.91 out of 5 stars

Finance Sector

672nd out of 850 stocks

Insurance Agents, Brokers, & Service Industry

11th out of 20 stocks


BRP stock logo

About BRP Group (NASDAQ:BRP) Stock

BRP Group, Inc. markets and sells insurance products and services in the United States. It 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; and 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.

BRP Price History

BRP Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
BRP Group, Inc. (BRP)
FMR LLC Boosts Stake in BRP Group Inc
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Q2 2023 BRP Group Inc Earnings Call
BRP Group (BRP) Receives a Buy from Wells Fargo
BRP Group (BRP) Q2 Earnings Meet Estimates
Brp Group (NASDAQ: BRP)
Q1 2023 BRP Group Inc Earnings Call
BRP Group: Q1 Earnings Insights
See More Headlines
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BRP Company Calendar

Last Earnings
8/09/2023
Today
9/25/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:BRP
Fax
N/A
Employees
3,888
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$30.20
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+22.4%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-41,770,000.00
Pretax Margin
-18.20%

Debt

Sales & Book Value

Annual Sales
$980.72 million
Cash Flow
$1.49 per share
Book Value
$9.82 per share

Miscellaneous

Free Float
90,332,000
Market Cap
$2.88 billion
Optionable
Not Optionable
Beta
1.56

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Key Executives

  • Mr. L. Lowry BaldwinMr. L. Lowry Baldwin (Age 64)
    Co-Founder & Chairman
    Comp: $682.09k
  • Mr. Trevor L. Baldwin (Age 36)
    CEO & Director
    Comp: $2.3M
  • Mr. Bradford Lenzie Hale (Age 43)
    Chief Financial Officer
    Comp: $1.08M
  • Mr. Daniel Galbraith (Age 42)
    Chief Operating Officer
    Comp: $1.12M
  • Mr. Kristopher Aaron Wiebeck (Age 40)
    Chief Strategy Officer & Director
    Comp: $1.13M
  • Mr. John A. Valentine
    Chief Partnership Officer
  • Ms. Elizabeth H. Krystyn
    Co-Founder
  • Ms. Laura Rice Sherman
    Co-founder
  • Ms. Corbyn N. Lichon (Age 30)
    Chief Accounting Officer
  • Mr. Rajasekhar Kalahasthi
    Chief Digital & Information Officer













BRP Stock - Frequently Asked Questions

Should I buy or sell BRP Group stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BRP Group in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BRP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BRP, but not buy additional shares or sell existing shares.
View BRP analyst ratings
or view top-rated stocks.

What is BRP Group's stock price forecast for 2023?

5 brokerages have issued 12-month price objectives for BRP Group's stock. Their BRP share price forecasts range from $28.00 to $33.00. On average, they expect the company's stock price to reach $30.20 in the next twelve months. This suggests a possible upside of 22.4% 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 2023?

BRP Group's stock was trading at $25.14 at the beginning of 2023. Since then, BRP shares have decreased by 1.9% and is now trading at $24.67.
View the best growth stocks for 2023 here
.

Are investors shorting BRP Group?

BRP Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,820,000 shares, an increase of 6.4% from the August 15th total of 2,650,000 shares. Based on an average daily volume of 384,200 shares, the days-to-cover ratio is currently 7.3 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 6th 2023.
View our BRP earnings forecast
.

How were BRP Group's earnings last quarter?

BRP Group, Inc. (NASDAQ:BRP) released its quarterly earnings data on Wednesday, August, 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.13. The company earned $297.19 million during the quarter, compared to the consensus estimate of $286.50 million. BRP Group had a negative net margin of 9.82% and a positive trailing twelve-month return on equity of 5.44%.

What ETFs hold BRP Group's stock?

ETFs with the largest weight of BRP Group (NASDAQ:BRP) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF).

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 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.61%), Champlain Investment Partners LLC (2.84%), Westwood Holdings Group Inc. (1.71%), Aristotle Capital Boston LLC (1.24%), Geode Capital Management LLC (1.07%) and State Street Corp (1.06%). Insiders that own company stock include Daniel Galbraith, Jay A Cohen, John A Valentine, Kristopher Aaron Wiebeck, Laura Sherman, Lowry Baldwin, 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 $24.67.

How much money does BRP Group make?

BRP Group (NASDAQ:BRP) has a market capitalization of $2.88 billion and generates $980.72 million in revenue each year. The company earns $-41,770,000.00 in net income (profit) each year or ($1.91) on an earnings per share basis.

How many employees does BRP Group have?

The company employs 3,888 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 9/25/2023 by MarketBeat.com Staff

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