BRP Group, Inc. (NYSE: BRP) Director Jay A. Cohen acquires 2,800 shares
BRP Group, Inc. (NYSE: BRP) director Jay A. Cohen acquired 2,800 shares of the company in a transaction that took place on Friday, September 17. The shares were purchased at an average cost of $ 30.50 per share, for a total transaction of $ 85,400.00. As a result of the transaction, the director now owns 3,614 shares of the company, valued at $ 110,227. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Actions of NYSE: BRP traded at $ 1.89 in Monday’s session, reaching $ 31.53. The stock had a trade volume of 644,086 shares, compared to its average volume of 326,871. BRP Group, Inc. has a 12-month low of $ 22.79 and a 12-month high of $ 40.82 . The stock has a market cap of $ 3.14 billion, a price-to-earnings ratio of -45.41 and a beta of 1.53. The company has a quick ratio of 1.28, a current ratio of 1.28, and a debt ratio of 0.24. The stock has a 50-day simple moving average of $ 31.80 and a 200-day simple moving average of $ 28.74.
BRP Group (NYSE: BRP) last announced its quarterly results on Sunday, August 8. The company reported earnings per share of $ 0.14 for the quarter, beating the consensus estimate of $ 0.09 by $ 0.05. BRP Group achieved a positive return on equity of 6.96% and a negative net margin of 6.75%. As a group, sell-side analysts predict that BRP Group, Inc. will post earnings per share of 0.38 for the current year.
Several hedge funds have recently changed their positions in BRP. Bamco Inc. NY increased its stake in BRP Group by 5.0% in the first quarter. Bamco Inc. NY now owns 3,768,007 shares of the company valued at $ 102,678,000 after purchasing an additional 177,728 shares during the period. Price T Rowe Associates Inc. MD increased its stake in BRP Group by 21.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,738,782 shares of the company valued at $ 99,639,000 after purchasing an additional 669,997 shares during the period. BlackRock Inc. increased its stake in BRP Group by 0.3% in the second quarter. BlackRock Inc. now owns 3,011,449 shares of the company valued at $ 80,256,000 after purchasing an additional 8,976 shares during the period. Vanguard Group Inc. increased its stake in BRP Group by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,261,321 shares of the company valued at $ 60,265,000 after purchasing an additional 16,393 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in Groupe BRP by 93.0% in the second quarter. Champlain Investment Partners LLC now owns 1,969,905 shares of the company valued at $ 52,498,000 after purchasing an additional 949,445 shares during the period. Institutional investors hold 84.84% of the shares of the company.
A number of equity research analysts have commented on BRP shares. JPMorgan Chase & Co. lowered its price target on BRP Group from $ 33.00 to $ 30.00 and established an “overweight” rating for the company in a research note on Monday, May 24. Northcoast Research upgraded the BRP group from a âneutralâ rating to a âbuyâ rating in a research note on Thursday, August 12. Wells Fargo & Company raised its price target on the BRP Group from $ 34.00 to $ 39.00 and gave the company an “overweight” rating in a research note Thursday. Raymond James increased his price target on the BRP Group from $ 36.00 to $ 38.00 and assigned the company an âoutperformanceâ rating in a research note on Wednesday, August 11. Ultimately, Zacks investment research reduced Groupe BRP from a âholdâ rating to a âsellâ rating in a research note on Monday, August 16. One research analyst rated the stock with a sell rating, another assigned a conservation rating, and four issued a buy rating for the stock. According to data from MarketBeat.com, BRP Group currently has a consensus rating of âBuyâ and an average target price of $ 33.00.
About the BRP Group
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 private risk management, business risk management and employee benefits solutions for mid to large sized businesses, as well as high net worth individuals and families.
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