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.