Shares of BRP Group, Inc. (NYSE:BRP) saw unusually-strong trading volume on Wednesday . Approximately 40,214 shares were traded during trading, a decline of 86% from the previous session’s volume of 293,254 shares.The stock last traded at $32.97 and had previously closed at $31.27.
A number of analysts have recently issued reports on BRP shares. JPMorgan Chase & Co. lowered their price objective on BRP Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, May 24th. TheStreet upgraded BRP Group from a “d+” rating to a “c-” rating in a research report on Thursday, September 2nd. Zacks Investment Research cut BRP Group from a “hold” rating to a “sell” rating in a research report on Monday, August 16th. Northcoast Research raised BRP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 12th. Finally, Raymond James upped their price target on BRP Group from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $31.80.
The firm has a fifty day simple moving average of $31.37 and a 200-day simple moving average of $28.60. The company has a market capitalization of $3.43 billion, a P/E ratio of -48.41 and a beta of 1.53. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24.
Large investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new position in BRP Group during the 2nd quarter worth $28,000. Great West Life Assurance Co. Can increased its stake in BRP Group by 41.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,169 shares of the company’s stock worth $86,000 after acquiring an additional 926 shares during the period. Royal Bank of Canada increased its stake in BRP Group by 54.0% during the 1st quarter. Royal Bank of Canada now owns 3,258 shares of the company’s stock worth $89,000 after acquiring an additional 1,143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BRP Group by 110.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,026 shares of the company’s stock valued at $137,000 after purchasing an additional 2,636 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of BRP Group in the 1st quarter valued at $143,000. 84.84% of the stock is owned by institutional investors and hedge funds.
BRP Group Company Profile (NYSE:BRP)
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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