Jay A. Cohen Acquires 2,800 Shares of BRP Group, Inc. (NYSE:BRP) Stock

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.

Several research firms recently issued reports on BRP. Zacks Investment Research lowered shares of BRP Group from a “hold” rating to a “sell” rating in a report on Monday, August 16th. Raymond James boosted their price objective on BRP Group from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 11th. Northcoast Research raised BRP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 12th. Wells Fargo & Company boosted their price target on BRP Group from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 16th. Finally, TheStreet raised shares of BRP Group from a “d+” rating to a “c-” rating in a research report on Thursday, September 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $33.00.

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.

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