Truist Financial Corp purchased a new position in shares of BRP Group, Inc. (NASDAQ:BRP – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,167 shares of the company’s stock, valued at approximately $259,000.
Several other large investors also recently modified their holdings of the stock. MetLife Investment Management LLC boosted its holdings in BRP Group by 53.1% in the 1st quarter. MetLife Investment Management LLC now owns 24,608 shares of the company’s stock valued at $660,000 after purchasing an additional 8,536 shares during the period. Rhumbline Advisers increased its position in shares of BRP Group by 8.9% in the first quarter. Rhumbline Advisers now owns 47,270 shares of the company’s stock valued at $1,268,000 after acquiring an additional 3,847 shares during the period. Sei Investments Co. increased its position in shares of BRP Group by 31.0% in the first quarter. Sei Investments Co. now owns 267,327 shares of the company’s stock valued at $7,173,000 after acquiring an additional 63,285 shares during the period. Ergoteles LLC purchased a new position in shares of BRP Group in the first quarter valued at about $1,882,000. Finally, Clearbridge Investments LLC increased its position in shares of BRP Group by 1.0% during the first quarter. Clearbridge Investments LLC now owns 455,692 shares of the company’s stock valued at $12,226,000 after buying an additional 4,435 shares during the period. Hedge funds and other institutional investors own 48.25% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of BRP Group from $32.00 to $28.00 in a research note on Thursday, July 6th. Raymond James reduced their price objective on shares of BRP Group from $34.00 to $30.00 in a research note on Monday, May 15th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BRP Group currently has a consensus rating of “Hold” and a consensus target price of $30.20.
BRP Group Trading Down 1.0 %
Shares of NASDAQ:BRP opened at $25.32 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average price of $24.66 and a 200 day moving average price of $24.75. BRP Group, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $33.34.
Insider Buying and Selling
In other news, insider Kristopher Aaron Wiebeck sold 55,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.11, for a total transaction of $1,381,050.00. Following the sale, the insider now directly owns 20,035 shares in the company, valued at approximately $503,078.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Trevor Baldwin sold 238,147 shares of BRP Group stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $25.35, for a total value of $6,037,026.45. Following the completion of the transaction, the chief executive officer now owns 32,864 shares in the company, valued at approximately $833,102.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kristopher Aaron Wiebeck sold 55,000 shares of BRP Group stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $25.11, for a total value of $1,381,050.00. Following the completion of the transaction, the insider now owns 20,035 shares of the company’s stock, valued at approximately $503,078.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,557 shares of company stock worth $12,515,563. 22.65% of the stock is owned by insiders.
BRP Group Profile
BRP Group, Inc markets and sells insurance products and services in the United States. It 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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