Seth Bala Cohen Purchases 2,500 Shares of BRP Group, Inc. (NYSE:BRP) Stock

BRP Group, Inc. (NYSE:BRPGet Rating) General Counsel Seth Bala Cohen bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $53,750.00. Following the transaction, the general counsel now owns 12,745 shares of the company’s stock, valued at $274,017.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE BRP opened at $23.52 on Wednesday. The business has a fifty day moving average price of $24.92 and a 200 day moving average price of $30.23. BRP Group, Inc. has a one year low of $17.08 and a one year high of $45.36. 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 $2.70 billion, a P/E ratio of 117.60 and a beta of 1.53.

BRP Group (NYSE:BRPGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). BRP Group had a negative net margin of 6.75% and a positive return on equity of 6.96%. The firm had revenue of $159.20 million during the quarter, compared to analyst estimates of $139.13 million. As a group, sell-side analysts predict that BRP Group, Inc. will post 0.38 EPS for the current fiscal year.

BRP has been the topic of a number of recent research reports. Raymond James dropped their target price on BRP Group from $43.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, March 4th. Morgan Stanley lowered their price objective on BRP Group from $40.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. TheStreet lowered BRP Group from a “c-” rating to a “d+” rating in a research report on Wednesday, January 19th. JPMorgan Chase & Co. lowered their price objective on BRP Group from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 2nd. Finally, Bank of America upgraded BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Monday, March 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $34.14.

Several institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY increased its stake in shares of BRP Group by 3.2% in the 3rd quarter. Bamco Inc. NY now owns 3,888,113 shares of the company’s stock worth $129,435,000 after acquiring an additional 120,106 shares during the last quarter. BlackRock Inc. grew its holdings in shares of BRP Group by 8.6% during the 4th quarter. BlackRock Inc. now owns 3,238,347 shares of the company’s stock worth $116,936,000 after purchasing an additional 257,680 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of BRP Group by 18.8% during the 1st quarter. Champlain Investment Partners LLC now owns 3,191,165 shares of the company’s stock worth $85,619,000 after purchasing an additional 505,635 shares during the period. Invesco Ltd. grew its holdings in shares of BRP Group by 1.8% during the 4th quarter. Invesco Ltd. now owns 1,987,676 shares of the company’s stock worth $71,775,000 after purchasing an additional 35,081 shares during the period. Finally, New World Advisors LLC purchased a new position in shares of BRP Group during the 3rd quarter worth $75,541,000. 84.84% of the stock is owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for BRP Group (NYSE:BRP)

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