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 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024?

5 Wall Street analysts have issued 12 month price objectives for BRP Group's shares. Their BRP share price targets range from $28.00 to $42.00. On average, they predict the company's stock price to reach $33.40 in the next year. This suggests a possible upside of 24.6% 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 2024?

BRP Group's stock was trading at $24.02 at the beginning of 2024. Since then, BRP stock has increased by 11.6% and is now trading at $26.81. View the best growth stocks for 2024 here .

When is BRP Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our BRP earnings forecast .

How can I listen to BRP Group's earnings call?

BRP Group will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were BRP Group's earnings last quarter?

BRP Group, Inc. (NASDAQ:BRP) posted its earnings results on Wednesday, February, 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The company earned $284.65 million during the quarter, compared to the consensus estimate of $282 million. BRP Group had a positive trailing twelve-month return on equity of 7.61% and a negative net margin of 7.40%.

What ETF holds BRP Group's stock?

Fidelity Disruptive Finance ETF holds 65,263 shares of BRP stock, representing 4.01% of its portfolio.

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 Group (BRP) raised $246 million in an 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 served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Raymond James and Keefe Bruyette & Woods (A Stifel Company) were co-managers.

Who are BRP Group's major shareholders?

BRP Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (0.41%), Pathway Financial Advisors LLC (0.12%), Confluence Investment Management LLC (0.11%), Diversified Trust Co (0.03%), Cornerstone Wealth Group LLC (0.01%) and Moody National Bank Trust Division (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:BRP

BRP Group (BRP) Stock Price, News & Analysis

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Free BRP Stock Alerts

$26.81

+0.38 (+1.44%)

(As of 04/18/2024 ET)

Compare

Today's Range: $26.39
▼
$27.03
50-Day Range: $24.34
▼
$30.59
52-Week Range: $17.33
▼
$30.84

Volume: 343,110 shs
Average Volume: 386,969 shs
Market Capitalization: $3.13 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $33.40

Get BRP Group alerts:

BRP Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 24.6% Upside
$33.40 Price Target
Short Interest: Bearish
3.40% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.29
Based on 3 Articles This Week
Insider Trading: Selling Shares
$1.84 M Sold Last Quarter
Proj. Earnings Growth: 42.86%
From $1.05 to $1.50 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Finance Sector

485th out of 822 stocks

Insurance Agents, Brokers, & Service Industry

10th out of 16 stocks

2.5

Analyst's Opinion

Consensus Rating
BRP Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
BRP Group has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.40% of the outstanding shares of BRP Group have been sold short.
Short Interest Ratio / Days to Cover
BRP Group has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.
Change versus previous month
Short interest in BRP Group has recently decreased by 1.00%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
BRP Group does not currently pay a dividend.
Dividend Growth
BRP Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BRP.

1.5

News and Social Media Coverage

News Sentiment
BRP Group has a news sentiment score of -0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for BRP Group this week, compared to 2 articles on an average week.
Search Interest
6 people have searched for BRP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BRP Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,842,482.00 in company stock.
Percentage Held by Insiders
22.65% of the stock of BRP Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.42% of the stock of BRP Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for BRP Group are expected to grow by 42.86% in the coming year, from $1.05 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BRP Group is -17.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of BRP Group is -17.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
BRP Group has a PEG Ratio of 0.82. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
BRP Group has a P/B Ratio of 3.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About BRP Group Stock (NASDAQ:BRP)

BRP Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families. The Underwriting, Capacity & Technology Solutions segment offers Future platform, that manufactures technology-enabled insurance products suite comprises personal, commercial, and specialty lines; specialty wholesale broker business that delivers professionals, individuals, and niche industry businesses; and reinsurance brokerage services. The Mainstreet Insurance Solutions segment provides personal insurance, commercial insurance, and life and health solutions to individuals and businesses in communities. BRP Group, Inc. was founded in 2011 and is headquartered in Tampa, Florida.

BRP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BRP Stock News Headlines

April 17, 2024 | finance.yahoo.com

BRP Group, Inc. and Nasdaq’s Third Annual Directors and Officers (D&O) Benchmarking Report Includes Key Findings on Cyber Liability in this Year’s Edition

April 17, 2024 | businesswire.com

BRP Group, Inc. and Nasdaq's Third Annual Directors and Officers (D&O) Benchmarking Report Includes Key Findings on Cyber Liability in this Year's Edition

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 13, 2024 | americanbankingnews.com

Wells Fargo & Company Lowers BRP Group (NASDAQ:BRP) Price Target to $28.00

April 11, 2024 | americanbankingnews.com

BRP Group (NASDAQ:BRP) Price Target Raised to $34.00

April 10, 2024 | finance.yahoo.com

BRP Apr 2024 30.000 call

April 9, 2024 | americanbankingnews.com

BRP Group (NASDAQ:BRP) Upgraded to Overweight by JPMorgan Chase & Co.

April 1, 2024 | finance.yahoo.com

BRP Group, Inc. to Report First Quarter 2024 Results on Tuesday, May 7, 2024

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 17, 2024 | investing.com

BRP Group general counsel sells over $29k in company stock

March 12, 2024 | tmcnet.com

Lectric eBikes Unveils a New Commuter eBike, the Lectric ONE

March 12, 2024 | seekingalpha.com

Hagerty reports mixed Q4 results; initiates FY24 outlook

March 6, 2024 | bizjournals.com

Tampa’s BRP Group sells wholesale brokerage business to Amwins

March 5, 2024 | finance.yahoo.com

Millennial Specialty Insurance, LLC Announces Launch of its Multifamily Insurance Solutions into Canadian Market with Distribution Through Summit Commercial Solutions

March 4, 2024 | finance.yahoo.com

Are Finance Stocks Lagging BRP Group (BRP) This Year?

March 2, 2024 | finance.yahoo.com

Analysts Have Made A Financial Statement On BRP Group, Inc.'s (NASDAQ:BRP) Yearly Report

March 1, 2024 | seekingalpha.com

BRP Group, Inc. (BRP) Q4 2023 Earnings Call Transcript

February 29, 2024 | markets.businessinsider.com

BRP Group Buy Rating Affirmed on Strong Q4 Earnings and Positive Margin Outlook

February 29, 2024 | finance.yahoo.com

BRP Group, Inc. (NASDAQ:BRP) Q4 2023 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

Q4 2023 BRP Group Inc Earnings Call

February 29, 2024 | prnewswire.com

Amwins Purchases Wholesale Business from BRP Group, Inc.

February 28, 2024 | finance.yahoo.com

BRP Group Inc (BRP) Reports Strong Revenue Growth Amidst Net Losses in Q4 and Full Year 2023

February 28, 2024 | businesswire.com

BRP Group, Inc. Announces Fourth Quarter and Full Year 2023 Results

February 28, 2024 | markets.businessinsider.com

BRP Group A earnings: here's what to expect

February 27, 2024 | benzinga.com

Earnings Preview: BRP Group

February 26, 2024 | businesswire.com

BRP Group, Inc. to Participate in the Raymond James Institutional Investor Conference

February 18, 2024 | finance.yahoo.com

CINF Mar 2024 90.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Insurance agents, brokers, & service
Sub-Industry: N/A
Current Symbol: NASDAQ:BRP
CUSIP: N/A
CIK: 1781755
Web: www.baldwinriskpartners.com
Phone: 866-279-0698
Fax: N/A
Employees: 3,927
Year Founded: 2003

Price Target and Rating

Average Stock Price Target: $33.40
High Stock Price Target: $42.00
Low Stock Price Target: $28.00
Potential Upside/Downside: +24.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.49)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 25.53
P/E Growth: 0.82
Net Income: $-90,140,000.00
Net Margins: -7.40%
Pretax Margin: -13.35%
Return on Equity: 7.61%
Return on Assets: 2.37%

Debt

Debt-to-Equity Ratio: 1.29
Current Ratio: 0.90
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $1.22 billion
Price / Sales: 2.57
Cash Flow: $1.55 per share
Price / Cash Flow: 17.25
Book Value: $8.74 per share
Price / Book: 3.07

Miscellaneous

Outstanding Shares: 116,670,000
Free Float: 90,246,000
Market Cap: $3.13 billion
Optionable: Not Optionable
Beta: 1.54

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Key Executives

Mr. L. Lowry Baldwin (Age 65)
Co-Founder & Chairman
Comp: $682.09k
Mr. Trevor L. Baldwin (Age 37)
CEO & Director
Comp: $2.3M
Mr. Daniel Galbraith (Age 43)
President & CEO of Retail Brokerage Operations
Comp: $1.12M
Mr. Bradford Lenzie Hale (Age 44)
Chief Financial Officer
Comp: $1.08M
Mr. Jim Roche
President and CEO of Underwriting, Capacity & Technology Operations
Ms. Elizabeth H. Krystyn
Co-Founder
Ms. Laura Rice Sherman
Co-founder
Ms. Corbyn N. Lichon (Age 31)
Chief Accounting Officer
Comp: $401.49k
Mr. Rajasekhar Kalahasthi
Chief Digital & Information Officer
Ms. Bonnie Bishop
Executive Director of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BRP Stock Analysis - 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 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024?: 5 Wall Street analysts have issued 12 month price objectives for BRP Group's shares. Their BRP share price targets range from $28.00 to $42.00. On average, they predict the company's stock price to reach $33.40 in the next year. This suggests a possible upside of 24.6% 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 2024?: BRP Group's stock was trading at $24.02 at the beginning of 2024. Since then, BRP stock has increased by 11.6% and is now trading at $26.81.
View the best growth stocks for 2024 here.
When is BRP Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our BRP earnings forecast.
How can I listen to BRP Group's earnings call?: BRP Group will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were BRP Group's earnings last quarter?: BRP Group, Inc. (NASDAQ:BRP) posted its earnings results on Wednesday, February, 28th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The company earned $284.65 million during the quarter, compared to the consensus estimate of $282 million. BRP Group had a positive trailing twelve-month return on equity of 7.61% and a negative net margin of 7.40%.

What ETF holds BRP Group's stock?: Fidelity Disruptive Finance ETF holds 65,263 shares of BRP stock, representing 4.01% of its portfolio.
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 Group (BRP) raised $246 million in an 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 served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Raymond James and Keefe Bruyette & Woods (A Stifel Company) were co-managers.
Who are BRP Group's major shareholders?: BRP Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (0.41%), Pathway Financial Advisors LLC (0.12%), Confluence Investment Management LLC (0.11%), Diversified Trust Co (0.03%), Cornerstone Wealth Group LLC (0.01%) and Moody National Bank Trust Division (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BRP) was last updated on 4/18/2024 by MarketBeat.com Staff

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BRP Group (BRP) Stock Price, News & Analysis

BRP Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About BRP Group Stock (NASDAQ:BRP)

BRP Stock Price History

BRP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

BRP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™