BRP Group (BRP) Receives a Buy from Raymond James


Raymond James analyst Charles Peters reiterated a Buy rating on BRP Group (BRP) today and set a price target of $36.00. The company’s shares closed last Thursday at $23.49.

According to TipRanks.com, Peters is a 5-star analyst with an average return of 11.0% and a 67.7% success rate. Peters covers the Financial sector, focusing on stocks such as Argo Group International Holdings, American Equity Investment Life, and Hallmark Financial Services.

BRP Group has an analyst consensus of Moderate Buy, with a price target consensus of $35.00, implying a 48.2% upside from current levels. In a report issued on May 10, Wells Fargo also maintained a Buy rating on the stock with a $34.00 price target.

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BRP Group’s market cap is currently $2.27B and has a P/E ratio of -43.50. The company has a Price to Book ratio of -2.84.

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BRP Group, Inc. provides insurance services. It operates through the following 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. The Specialty segment is a wholesale co-brokerage platform, which delivers specialty insurers, professionals, individuals and niche industry businesses expanded access to exclusive specialty markets, capabilities and programs requiring complex underwriting and placement. The Mainstreet segment offers personal insurance, commercial insurance and life and health solutions to individuals and businesses in their communities. The Medicare segment offers consultation for government assistance programs and solutions, including traditional Medicare and Medicare Advantage. The company was founded by Elizabeth H. Krystyn, Laura R. Sherman and Lowry L. Baldwin in 2011 and is headquartered in Tampa, FL.

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