Arizona State Retirement System Purchases 720 Shares of BRP Group, Inc. (NASDAQ:BRP)

Arizona State Retirement System increased its holdings in BRP Group, Inc. (NASDAQ:BRPFree Report) by 4.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,148 shares of the company’s stock after buying an additional 720 shares during the period. Arizona State Retirement System’s holdings in BRP Group were worth $422,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BRP Group by 32.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,160 shares of the company’s stock valued at $259,000 after buying an additional 2,723 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in BRP Group by 27.0% in the third quarter. Bank of New York Mellon Corp now owns 1,133,781 shares of the company’s stock worth $26,338,000 after buying an additional 241,051 shares during the period. SG Americas Securities LLC purchased a new stake in BRP Group in the third quarter worth about $274,000. Tributary Capital Management LLC lifted its holdings in shares of BRP Group by 17.8% during the third quarter. Tributary Capital Management LLC now owns 420,325 shares of the company’s stock valued at $9,764,000 after purchasing an additional 63,392 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of BRP Group by 22.7% during the second quarter. Nuveen Asset Management LLC now owns 824,252 shares of the company’s stock valued at $20,425,000 after purchasing an additional 152,451 shares during the last quarter. Institutional investors own 49.69% of the company’s stock.

Wall Street Analysts Forecast Growth

BRP has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered shares of BRP Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Wednesday, November 8th. Raymond James raised shares of BRP Group from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.25.

Check Out Our Latest Stock Analysis on BRP Group

BRP Group Stock Performance

Shares of NASDAQ:BRP opened at $23.19 on Friday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -13.10, a PEG ratio of 0.86 and a beta of 1.50. BRP Group, Inc. has a 12 month low of $17.33 and a 12 month high of $31.63. The firm’s 50-day moving average is $23.18 and its 200 day moving average is $23.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.21.

BRP Group (NASDAQ:BRPGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. BRP Group had a negative net margin of 8.83% and a positive return on equity of 6.50%. The firm had revenue of $306.27 million for the quarter, compared to the consensus estimate of $305.00 million. Research analysts predict that BRP Group, Inc. will post 0.62 EPS for the current year.

About BRP Group

(Free Report)

BRP Group, Inc markets and sells insurance products and services in the United States. It 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.

See Also

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Institutional Ownership by Quarter for BRP Group (NASDAQ:BRP)

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