BRP Group - BRP Stock Forecast, Price & News

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.

Analysts Set New Price Targets

Several equities analysts have issued reports on BRP shares. Jefferies Financial Group decreased 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. UBS Group started coverage on shares of BRP Group in a report on Monday, April 18th. They set a "buy" rating and a $30.00 price objective on the stock. Raymond James increased 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.63.

BRP Group Price Performance

Shares of NYSE:BRP traded down $0.13 during midday trading on Friday, hitting $31.55. The company's stock had a trading volume of 598,765 shares, compared to its average volume of 499,212. The business's 50 day simple moving average is $25.85 and its 200 day simple moving average is $25.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $3.64 billion, a P/E ratio of 157.75 and a beta of 1.53. BRP Group has a 12-month low of $17.08 and a 12-month high of $45.36.

BRP Group (NYSE:BRP - Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. BRP Group had a negative net margin of 6.75% and a positive return on equity of 6.96%. On average, analysts forecast that BRP Group will post 0.38 EPS for the current year.

Insider Transactions at BRP Group

In other BRP Group news, CEO Trevor Baldwin purchased 12,000 shares of the firm's stock in a transaction dated Monday, May 16th. The shares were purchased at an average cost of $22.86 per share, with a total value of $274,320.00. Following the completion of the purchase, the chief executive officer now owns 100,297 shares in the company, valued at approximately $2,292,789.42. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 35.93% of the company's stock.