BRP Group, Inc. (NYSE:BRP) CEO Trevor Baldwin Buys 2,559 Shares

BRP Group, Inc. (NYSE:BRPGet Rating) CEO Trevor Baldwin bought 2,559 shares of the business’s stock in a transaction on Friday, May 13th. The stock was bought at an average cost of $22.26 per share, with a total value of $56,963.34. Following the completion of the purchase, the chief executive officer now directly owns 88,297 shares in the company, valued at $1,965,491.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Trevor Baldwin also recently made the following trade(s):

  • On Monday, May 16th, Trevor Baldwin bought 12,000 shares of BRP Group stock. The stock was bought at an average cost of $22.86 per share, with a total value of $274,320.00.
  • On Wednesday, March 9th, Trevor Baldwin bought 13,117 shares of BRP Group stock. The stock was bought at an average cost of $25.41 per share, with a total value of $333,302.97.

Shares of BRP opened at $23.52 on Wednesday. The stock has a 50-day simple moving average of $24.92 and a 200-day simple moving average of $30.23. 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 stock has a market capitalization of $2.70 billion, a PE ratio of 117.60 and a beta of 1.53. BRP Group, Inc. has a 1 year low of $17.08 and a 1 year high of $45.36.

BRP Group (NYSE:BRPGet Rating) last posted its earnings results on Tuesday, March 1st. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The business had revenue of $159.20 million for the quarter, compared to analysts’ expectations of $139.13 million. BRP Group had a positive return on equity of 6.96% and a negative net margin of 6.75%. Analysts predict that BRP Group, Inc. will post 0.38 EPS for the current year.

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on BRP Group from $44.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, March 2nd. Zacks Investment Research raised BRP Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Raymond James cut their price objective on BRP Group from $43.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Bank of America raised BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, March 14th. Finally, JPMorgan Chase & Co. lowered their target price on BRP Group from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, March 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $34.14.

Hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its position in BRP Group by 729.8% during the second quarter. Morgan Stanley now owns 140,102 shares of the company’s stock worth $3,733,000 after buying an additional 123,218 shares during the period. Raymond James & Associates increased its position in BRP Group by 17.9% during the third quarter. Raymond James & Associates now owns 9,498 shares of the company’s stock worth $316,000 after buying an additional 1,444 shares during the period. New World Advisors LLC acquired a new position in BRP Group during the third quarter worth approximately $75,541,000. Deutsche Bank AG increased its position in BRP Group by 96.9% during the third quarter. Deutsche Bank AG now owns 61,743 shares of the company’s stock worth $2,055,000 after buying an additional 30,385 shares during the period. Finally, Russell Investments Group Ltd. increased its position in BRP Group by 334.1% during the third quarter. Russell Investments Group Ltd. now owns 114,607 shares of the company’s stock worth $3,813,000 after buying an additional 88,205 shares during the period. Hedge funds and other institutional investors own 84.84% of the company’s stock.

BRP Group Company Profile (Get Rating)

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.

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