According to the data that Bloomberg.com provided, the nine rating agencies currently covering shares of BRP Group, Inc. (NASDAQ: BRP) have provided the stock with an average recommendation of “Moderate Buy.” Seven analysts have given a buy recommendation for the company, while only two have given a hold rating on the stock. According to analysts who provided ratings on the stock in the prior year, a price target of $47.88 per share is the average one-year price aim for the stock. This page contains the most recent commentary on BRP shares that a variety of stock analysts have provided. Desjardins decreased their target price on shares of BRP Group from C$154.00 to C$152.00 in a research report issued on Tuesday, June 7th. Raymond James boosted their target price on shares of BRP Group from $32.00 to $34.00 and classed the stock as a “outperform.” In a report distributed on Tuesday, July 12th, Jefferies Financial Group lowered their target price on shares of BRP Group from $27.00 to $26.00 and assigned the stock a “hold” rating.
Last but not least, Morgan Stanley raised their price objective on shares of BRP Group from $26.00 to $36.00 and rated the stock “equal weight” in a research note released on Friday, August 19th. BRP opened trading on Monday at $32.46. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.27, and a current ratio similar to the quick ratio, which is likewise 1.27. Due to the current share price, the company’s market capitalization is calculated to be $3.74 billion, the price-to-earnings ratio is -202.86, the price-to-earnings-growth ratio is 1.65, and the beta value is 1.53. In addition, the total market capitalization of the company’s stock is $3.74 billion. The stock is presently trading at $29.48 per share, which is its simple moving average price over the past 50 days. The high point for BRP Group over the last year is $45.36, and the low point for the company’s stock over the past year is $17.08. The most recent earnings report made available to the public by BRP Group (NASDAQ: BRP) was made available on Tuesday, August 9. The company’s announced quarterly earnings per share came in at $0.16, which was $0.01 more than the consensus estimate of $0.15.
The results were disclosed every quarter. The company’s quarterly sales came in at $232.46 million, which is significantly more than the consensus projection among industry analysts, which was $220.48 million. BRP Group had a return on equity of +6.49%, while the company’s net margin came in at -0.52%. Most market analysts agree that BRP Group will produce 0.8 EPS for the current fiscal year, and this is the projection that has been used. In the most recent few months, several hedge funds and institutional investors have either increased their BRP shares or reduced their holdings of such shares. During the second quarter, First Horizon Advisors Inc. began a new holding in BRP Group stock by purchasing about 25,000 shares to accomplish this goal. n.a. During the second quarter, UMB Bank started a new holding in shares of BRP Group by purchasing roughly $29,000 worth of the company’s stock. This was the beginning of UMB Bank’s investment in BRP Group. Through purchasing about 57,000 dollars’ worth of BRP Group shares over the first three months of the year, HHM Wealth Advisors LLC was able to establish a new position in the company. The number of shares of BRP Group that Eagle Bay Advisors LLC has in its portfolio increased by 125.0% during the second quarter compared to the first quarter.
By purchasing an additional 1,309 shares of the company’s stock during the most recent fiscal quarter, Eagle Bay Advisors LLC was able to boost the stake it holds in the firm. Because of this, the total number of shares in which it holds a position has increased to 2,356, and the value of those shares is now $57,000. And finally, during the second quarter of the fiscal year, Captrust Financial Advisors saw a rise of 2,262.6% in the number of shares of BRP Group that it owned in its portfolio. Captrust Financial Advisors now has a total of 2,717 shares of the corporation’s stock, which has a value of $66,000, thanks to the purchase of an additional 2,602 shares of the company’s stock over the prior three months.
To the tune of 49.20 percent of the company’s shares, hedge funds and other types of institutional investors are the owners of those shares. In the United States, the marketing and provision of insurance-related goods and services are the responsibilities of BRP Group, Inc. The corporation’s operations are divided into the Middle Market segment, the Specialty segment, the MainStreet section, and the Medicare sector, respectively. For organizations of a medium-to-large scale, high-net-worth individuals, and their families, the Middle Market category offers private risk management, employee benefits solutions, and commercial risk management services.