BRP Group, Inc. (NASDAQ:BRP – Get Free Report) major shareholder Laura Sherman sold 22,305 shares of BRP Group stock in a transaction on Monday, September 11th. The shares were sold at an average price of $26.24, for a total value of $585,283.20. Following the completion of the sale, the insider now owns 54,695 shares in the company, valued at approximately $1,435,196.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Laura Sherman also recently made the following trade(s):
- On Thursday, September 7th, Laura Sherman sold 57,100 shares of BRP Group stock. The shares were sold at an average price of $26.86, for a total value of $1,533,706.00.
BRP Group Price Performance
BRP stock opened at $25.78 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $3.01 billion, a PE ratio of -13.50, a P/E/G ratio of 1.35 and a beta of 1.56. BRP Group, Inc. has a 12-month low of $19.26 and a 12-month high of $32.74. The business’s fifty day moving average price is $25.05 and its 200 day moving average price is $24.47.
Institutional Investors Weigh In On BRP Group
Several large investors have recently bought and sold shares of BRP. Rockefeller Capital Management L.P. increased its holdings in BRP Group by 226.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 975,466 shares of the company’s stock worth $24,835,000 after purchasing an additional 676,337 shares during the period. Granite Investment Partners LLC purchased a new stake in BRP Group during the 1st quarter worth about $16,947,000. Point72 Asset Management L.P. increased its holdings in BRP Group by 106.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,045,100 shares of the company’s stock worth $25,898,000 after purchasing an additional 538,472 shares during the period. Westwood Holdings Group Inc. increased its holdings in BRP Group by 34.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,001,794 shares of the company’s stock worth $49,604,000 after purchasing an additional 515,765 shares during the period. Finally, NovaPoint Capital LLC purchased a new stake in BRP Group during the 2nd quarter worth about $11,051,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have commented on BRP shares. Raymond James reduced their target price on BRP Group from $34.00 to $30.00 in a research report on Monday, May 15th. JPMorgan Chase & Co. cut their price objective on BRP Group from $32.00 to $28.00 in a report on Thursday, July 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.20.
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.
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