American Century Companies Inc. Reduces Stock Holdings in BRP Group, Inc. (NASDAQ:BRP)

American Century Companies Inc. trimmed its position in BRP Group, Inc. (NASDAQ:BRP) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 475,183 shares of the company’s stock after selling 1,389 shares during the period. American Century Companies Inc. owned about 0.41% of BRP Group worth $12,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of BRP Group by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,352,308 shares of the company’s stock valued at $141,033,000 after buying an additional 184,814 shares in the last quarter. BlackRock Inc. lifted its position in shares of BRP Group by 1.8% during the 3rd quarter. BlackRock Inc. now owns 3,725,517 shares of the company’s stock valued at $98,169,000 after buying an additional 67,285 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BRP Group by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 1,147,521 shares of the company’s stock valued at $28,848,000 after buying an additional 62,351 shares in the last quarter. State Street Corp lifted its position in shares of BRP Group by 5.3% during the 3rd quarter. State Street Corp now owns 1,103,980 shares of the company’s stock valued at $29,090,000 after buying an additional 55,698 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of BRP Group by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 942,948 shares of the company’s stock valued at $24,007,000 after buying an additional 40,227 shares in the last quarter. 49.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BRP Group

In related news, insider Kristopher Aaron Wiebeck sold 55,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $25.11, for a total transaction of $1,381,050.00. Following the completion of the transaction, the insider now owns 20,035 shares in the company, valued at approximately $503,078.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other BRP Group news, insider Kristopher Aaron Wiebeck sold 55,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 20,035 shares in the company, valued at approximately $503,078.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor Baldwin sold 238,147 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 32,864 shares of the company’s stock, valued at $833,102.40. The disclosure for this sale can be found here. Insiders sold a total of 491,557 shares of company stock worth $12,515,563 in the last quarter. 22.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BRP. JPMorgan Chase & Co. decreased their target price on BRP Group from $32.00 to $28.00 in a research note on Thursday, July 6th. Raymond James reduced their price objective on BRP Group from $34.00 to $30.00 in a research note on Monday, May 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.20.

BRP Group Stock Performance

NASDAQ BRP opened at $27.00 on Friday. The company has a market cap of $3.15 billion, a P/E ratio of -14.14, a P/E/G ratio of 1.29 and a beta of 1.58. 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 business’s 50 day moving average price is $24.85 and its 200-day moving average price is $24.62. BRP Group, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $32.83.

BRP Group (NASDAQ:BRP) last released its earnings results on Wednesday, August 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.13). BRP Group had a negative net margin of 9.82% and a positive return on equity of 5.44%. The company had revenue of $297.19 million for the quarter, compared to the consensus estimate of $286.50 million. Sell-side analysts predict that BRP Group, Inc. will post 0.71 earnings per share for the current year.

About BRP Group

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.