BRP Group, Inc. (NYSE:BRP) Director Jay A. Cohen purchased 2,800 shares of the company’s stock in a transaction dated Friday, September 17th. The stock was purchased at an average price of $30.50 per share, for a total transaction of $85,400.00. Following the transaction, the director now directly owns 3,614 shares in the company, valued at approximately $110,227. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of BRP Group stock opened at $32.47 on Wednesday. The business has a 50-day simple moving average of $32.03 and a 200 day simple moving average of $28.82. BRP Group, Inc. has a one year low of $22.79 and a one year high of $40.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -47.06 and a beta of 1.53.
BRP Group (NYSE:BRP) last announced its quarterly earnings data on Sunday, August 8th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05. BRP Group had a positive return on equity of 6.96% and a negative net margin of 6.75%. On average, sell-side analysts expect that BRP Group, Inc. will post 0.38 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BRP Group by 110.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,026 shares of the company’s stock worth $137,000 after buying an additional 2,636 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of BRP Group by 4.8% during the first quarter. Los Angeles Capital Management LLC now owns 26,066 shares of the company’s stock worth $710,000 after acquiring an additional 1,200 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of BRP Group by 26.4% in the 1st quarter. Arizona State Retirement System now owns 11,819 shares of the company’s stock worth $322,000 after acquiring an additional 2,468 shares during the last quarter. The PNC Financial Services Group Inc. lifted its position in BRP Group by 30.3% in the 1st quarter. The PNC Financial Services Group Inc. now owns 11,014 shares of the company’s stock valued at $299,000 after acquiring an additional 2,560 shares in the last quarter. Finally, Swiss National Bank boosted its stake in BRP Group by 1.2% during the 1st quarter. Swiss National Bank now owns 92,800 shares of the company’s stock valued at $2,529,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.
BRP Group Company Profile
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, commercial risk management, and employee benefits solutions for mid-to-large size businesses, and high net worth individuals and families.
Featured Article: Trading Strategy Examples and Plans
Receive News & Ratings for BRP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP Group and related companies with MarketBeat.com's FREE daily email newsletter.