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NYSE:BRP

BRP Group - BRP Stock Forecast, Price & News

$29.29
+0.88 (+3.10%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$28.44
$29.79
50-Day Range
$22.64
$29.29
52-Week Range
$17.08
$45.36
Volume
270,890 shs
Average Volume
501,717 shs
Market Capitalization
$3.37 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$47.25

BRP Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
61.3% Upside
$47.25 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$596,033 Bought Last Quarter
Proj. Earnings Growth
78.95%
From $0.38 to $0.68 Per Share

Overall MarketRank

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

2.78 out of 5 stars

Finance Sector

187th out of 885 stocks

Insurance Agents, Brokers, & Service Industry

2nd out of 19 stocks

BRP stock logo

About BRP Group (NYSE: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.

BRP Group Trading Up 3.1 %

BRP Stock traded up $0.88 during midday trading on Monday, hitting $29.29. 270,890 shares of the company's stock were exchanged, compared to its average volume of 501,717. BRP Group has a 1-year low of $17.08 and a 1-year high of $45.36. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.37 billion, a PE ratio of 142.05 and a beta of 1.53. The business has a 50-day simple moving average of $25.42 and a two-hundred day simple moving average of $25.83.

BRP Group (NYSE:BRP - Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). BRP Group had a positive return on equity of 6.96% and a negative net margin of 6.75%. The business had revenue of $242.85 million for the quarter, compared to analyst estimates of $233.32 million. On average, sell-side analysts predict that BRP Group will post 0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group dropped their price target on BRP Group from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Tuesday, July 12th. Desjardins lowered their price target on shares of BRP Group from C$154.00 to C$152.00 in a research report on Tuesday, June 7th. Finally, UBS Group assumed coverage on shares of BRP Group in a research note on Monday, April 18th. They issued a "buy" rating and a $30.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.25.

Insider Activity

In related news, CEO Trevor Baldwin acquired 12,000 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $22.86 per share, with a total value of $274,320.00. Following the transaction, the chief executive officer now owns 100,297 shares of the company's stock, valued at approximately $2,292,789.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other BRP Group news, General Counsel Seth Bala Cohen acquired 2,500 shares of the stock in a transaction dated Friday, May 13th. The stock was acquired at an average price of $21.50 per share, with a total value of $53,750.00. Following the completion of the purchase, the general counsel now owns 12,745 shares in the company, valued at approximately $274,017.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Trevor Baldwin acquired 12,000 shares of the company's stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average price of $22.86 per share, with a total value of $274,320.00. Following the acquisition, the chief executive officer now directly owns 100,297 shares of the company's stock, valued at approximately $2,292,789.42. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 27,059 shares of company stock valued at $596,033. Company insiders own 35.93% of the company's stock.

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BRP Stock News Headlines

BRP GROUP, INC. Announces Executive Appointments
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
LFC vs. BRP: Which Stock Is the Better Value Option?
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
BRP Group smashed revenue estimates in Q1
8 Analysts Have This to Say About BRP Group
BRP Group Misses Q1 EPS by 1c
See More Headlines
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BRP Company Calendar

Last Earnings
11/07/2021
Today
8/09/2022

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
2,707
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.25
High Stock Price Forecast
$152.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+61.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$-8,650,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$137.84 million
Cash Flow
$1.32 per share
Book Value
$12.58 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.37 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













BRP Stock - Frequently Asked Questions

Should I buy or sell BRP Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BRP Group in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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?

8 Wall Street analysts have issued twelve-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 $47.25 in the next year. This suggests a possible upside of 61.3% from the stock's current price.
View analysts price targets for BRP
or view top-rated stocks among Wall Street analysts.

How has BRP Group's stock performed in 2022?

BRP Group's stock was trading at $36.11 at the beginning of 2022. Since then, BRP shares have decreased by 18.9% and is now trading at $29.29.
View the best growth stocks for 2022 here
.

How were BRP Group's earnings last quarter?

BRP Group, Inc. (NYSE:BRP) announced its quarterly earnings results on Sunday, November, 7th. The company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $135.56 million for the quarter, compared to analyst estimates of $129.51 million. BRP Group had a negative net margin of 6.75% and a positive trailing twelve-month return on equity of 6.96%.

What other stocks do shareholders of BRP Group own?

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 $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 New York Stock Exchange (NYSE) under the ticker symbol "BRP."

Who are BRP Group's major shareholders?

BRP Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Emerald Advisers LLC (0.99%), Loomis Sayles & Co. L P (0.95%), Peregrine Capital Management LLC (0.58%), DAVENPORT & Co LLC (0.55%), Confluence Investment Management LLC (0.49%) and Tributary Capital Management LLC (0.39%). 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 $29.29.

How much money does BRP Group make?

BRP Group (NYSE:BRP) has a market capitalization of $3.37 billion and generates $137.84 million in revenue each year. The company earns $-8,650,000.00 in net income (profit) each year or $0.20 on an earnings per share basis.

How many employees does BRP Group have?

BRP Group employs 2,707 workers across the globe.

How can I contact BRP Group?

BRP Group's mailing address is 4906 Richard Rd SW, CALGARY, AB T3E 6L1, Canada. The official website for the company is www.brookfieldrp.com. The company can be reached via phone at 866 279 0698.

This page (NYSE:BRP) was last updated on 8/9/2022 by MarketBeat.com Staff

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