Swiss National Bank Has $3.66 Million Stock Position in BRP Group, Inc. (NASDAQ:BRP)

Swiss National Bank grew its stake in shares of BRP Group, Inc. (NASDAQ:BRP – Get Rating) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,500 shares of the company’s stock after acquiring an additional 5,400 shares during the period. Swiss National Bank’s holdings in BRP Group were worth $3,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in BRP Group during the third quarter worth about $55,000. Captrust Financial Advisors grew its position in shares of BRP Group by 2,262.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,717 shares of the company’s stock worth $66,000 after purchasing an additional 2,602 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of BRP Group during the third quarter worth approximately $73,000. Eagle Bay Advisors LLC raised its position in shares of BRP Group by 26.8% in the third quarter. Eagle Bay Advisors LLC now owns 2,988 shares of the company’s stock valued at $80,000 after buying an additional 632 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of BRP Group by 202.4% in the third quarter. UBS Group AG now owns 6,081 shares of the company’s stock valued at $160,000 after buying an additional 4,070 shares during the period. Institutional investors own 47.90% of the company’s stock.

BRP Group Stock Performance

BRP Group stock opened at $22.04 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The stock has a market cap of $2.57 billion, a PE ratio of -16.09, a P/E/G ratio of 1.19 and a beta of 1.52. BRP Group, Inc. has a 12-month low of $20.73 and a 12-month high of $33.34. The business’s 50-day moving average price is $24.22 and its two-hundred day moving average price is $26.88.

BRP Group (NASDAQ:BRP – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.21). The company had revenue of $246.04 million for the quarter, compared to the consensus estimate of $236.16 million. BRP Group had a negative net margin of 7.37% and a positive return on equity of 5.09%. As a group, analysts expect that BRP Group, Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Transactions at BRP Group

In other BRP Group news, General Counsel Seth Bala Cohen sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $22.47, for a total value of $44,940.00. Following the completion of the transaction, the general counsel now owns 21,982 shares of the company’s stock, valued at approximately $493,935.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 23.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BRP shares. Wells Fargo & Company lowered their price objective on BRP Group from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 5th. Raymond James decreased their price target on BRP Group from $34.00 to $30.00 in a research report on Monday, May 15th. Jefferies Financial Group cut their price objective on shares of BRP Group from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, April 10th. Finally, William Blair lowered shares of BRP Group from an “outperform” rating to a “market perform” rating in a report on Friday, March 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.83.

About BRP Group

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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 commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.