BRP - BRP Group Inc Stock Price, Fair Value and News

27.36USD-0.64 (-2.29%)Delayed as of 24 Apr 2024, 03:47 pm ET

Market Summary

USD27.36-0.64

Delayedas of 24 Apr 2024, 03:47 pm

-2.29%

BRP Stock Price

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BRP RSI Chart

BRP Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

-18.68

Price/Sales (Trailing)

1.38

EV/EBITDA

-7.57

Price/Free Cashflow

72.36

BRP Price/Sales (Trailing)

BRP Profitability

EBT Margin

-13.35%

Return on Equity

-16.08%

Return on Assets

-2.57%

Free Cashflow Yield

1.38%

BRP Fundamentals

BRP Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

15.69%

Rev. Growth (Qtr)

-7.06%

BRP Earnings

Earnings (TTM)

-90.1M

Earnings Growth (Yr)

28.89%

Earnings Growth (Qtr)

-95.6%

Breaking Down BRP Revenue

52 Week Range

19.2628.01

(Low)(High)

Last 7 days

2.9%

Last 30 days

-4.3%

Last 90 days

7.9%

Trailing 12 Months

12.4%

How does BRP drawdown profile look like?

BRP Financial Health

Current Ratio

0.9

BRP Investor Care

Shares Dilution (1Y)

5.82%

Diluted EPS (TTM)

-1.5

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.1B	1.1B	1.2B	1.2B
2022	657.3M	770.1M	893.9M	980.7M
2021	339.6M	408.0M	477.7M	567.3M
2020	162.2M	180.4M	207.8M	240.9M
2019	87.9M	102.3M	122.1M	137.8M
2018	0	0	0	79.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of BRP Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	roche james morgan	sold (taxes)	-460,654	28.55	-16,135	see remarks
Apr 01, 2024	parasuraman sunita	acquired	-	-	639	-
Apr 01, 2024	baldwin trevor	acquired	-	-	73,917	chief executive officer
Apr 01, 2024	sullivan chris thomas	acquired	-	-	639	-
Apr 01, 2024	lichon corbyn n.	acquired	-	-	11,503	chief accounting officer
Apr 01, 2024	galbraith daniel	sold (taxes)	-377,517	28.55	-13,223	see remarks
Apr 01, 2024	shook ellyn	acquired	-	-	639	-
Apr 01, 2024	sherman laura	sold (taxes)	-5,310	28.55	-186	-
Apr 01, 2024	cohen seth bala	sold	-1,713	28.55	-60.00	general counsel
Apr 01, 2024	cohen jay a	acquired	-	-	639	-

Which funds bought or sold BRP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	34.14	265,129	695,399	-%
Apr 22, 2024	New World Advisors LLC	sold off	-100	-658,869	-	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	25,189	765,878	0.01%
Apr 22, 2024	ALTFEST L J & CO INC	added	2.01	56,000	300,000	0.04%
Apr 19, 2024	TRUST POINT INC.	added	52.93	257,164	562,389	0.04%
Apr 19, 2024	ZRC WEALTH MANAGEMENT, LLC	unchanged	-	3,837	19,448	0.01%
Apr 18, 2024	Tributary Capital Management, LLC	added	0.91	2,432,790	13,705,500	1.12%
Apr 18, 2024	Diversified Trust Co	added	41.96	408,681	983,960	0.03%
Apr 17, 2024	Cornerstone Wealth Group, LLC	new	-	488,739	488,739	0.04%
Apr 16, 2024	Arlington Trust Co LLC	sold off	-100	-1,273	-	-%

Are Funds Buying or Selling BRP?

Are funds buying BRP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BRP

No. of Funds

Unveiling BRP Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 16, 2024	t. rowe price investment management, inc.	0.8%	513,981	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	0.8%	513,981	SC 13G
Feb 14, 2024	baldwin lowry	25.4%	21,764,011	SC 13G/A
Feb 14, 2024	macquarie group ltd	5.5%	3,542,273	SC 13G
Feb 14, 2024	bamco inc /ny/	5.07%	3,260,000	SC 13G/A
Feb 13, 2024	champlain investment partners, llc	5.54%	3,560,690	SC 13G/A
Feb 13, 2024	vanguard group inc	9.50%	6,107,277	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 26, 2024	blackrock inc.	7.2%	4,612,410	SC 13G/A
Aug 10, 2023	fmr llc	-	0	SC 13G/A

Recent SEC filings of BRP Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to BRP Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-3.06%	3133.49%	-4.8K	757.88	-10.27%	-34.69%
AJG	51.6B	10.1B	-3.50%	14.70%	53.16	5.12	17.79%	-12.97%
AIG	51.0B	46.8B	-1.87%	44.64%	14.01	1.09	-14.05%	-64.38%
TRV	49.1B	42.9B	-4.52%	19.64%	15.63	1.14	13.52%	12.15%
AFL	48.3B	18.7B	-0.51%	26.71%	10.37	2.58	-2.30%	5.45%
ACGL	35.1B	13.6B	3.42%	29.33%	7.9	2.57	41.83%	201.02%
AFG	10.8B	7.8B	-1.14%	7.71%	12.73	1.39	11.18%	-5.12%
MID-CAP
UNM	9.9B	12.4B	-0.67%	27.01%	7.73	0.8	3.35%	-8.77%
AIZ	9.2B	11.1B	-1.85%	50.47%	14.27	0.82	9.21%	132.28%
LNC	4.9B	11.6B	-2.51%	35.58%	-6.48	0.42	-38.09%	-155.38%
AEL	4.5B	2.8B	0.20%	50.67%	21.22	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.2B	-4.27%	12.40%	-18.68	1.38	24.25%	-115.79%
AMSF	974.0M	306.9M	2.19%	-3.93%	15.68	3.17	4.11%	11.70%
AMBC	661.7M	269.0M	-3.43%	-7.17%	147.04	2.46	-46.68%	-99.14%
AAME	39.2M	186.8M	-30.94%	-16.16%	-229.08	0.21	-0.56%	-111.21%

BRP Group Inc News

Latest updates

BRP Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-7.1%	284,648,000	306,270,000	297,191,000	330,446,000	246,044,000	259,368,000	232,460,000	242,848,000	159,200,000	135,556,000	119,706,000	152,828,000	69,649,000	65,843,000	51,268,000	54,159,000	36,561,000	38,383,000	33,060,000	29,837,000	20,856,000
Costs and Expenses	2.7%	314,373,000	306,184,000	313,722,000	326,827,000	312,464,000	289,223,000	207,021,000	203,110,000	197,057,000	152,739,000	133,242,000	115,878,000	83,409,000	72,513,000	58,080,000	48,855,000	55,099,000	36,909,000	32,396,000	18,505,000	20,101,000
Operating Expenses	3.9%	49,013,000	47,165,000	47,485,000	46,604,000	49,284,000	47,212,000	40,770,000	36,442,000	37,782,000	27,968,000	19,537,000	16,875,000	17,483,000	12,146,000	9,546,000	8,885,000	7,865,000	6,320,000	6,389,000	4,002,000	-
EBITDA Margin	13.8%	-0.17	-0.20	-0.21	-0.15	-0.08	-0.04	0.00	-0.04	-0.08	-0.07	-0.03	0.02	-0.09	-0.15	-0.16	-0.16	-0.18	-0.01	-0.01	-0.01	-
Interest Expenses	-4.2%	-31,865,000	-30,580,000	-29,136,000	-27,884,000	-25,324,000	-20,766,000	-14,632,000	-10,350,000	-8,468,000	-6,940,000	-5,848,000	-5,643,000	-5,303,000	-922,000	-1,047,000	-585,000	-1,642,000	-3,785,000	-3,623,000	-1,590,000	-
Income Taxes	136.6%	381,000	161,000	665,000	78,000	715,000	-	-	-	19,000	-	-	-	-17,000	-	-	12,000	17,000	-	-	-	-
Earnings Before Taxes	-95.1%	-62,115,000	-31,845,000	-42,998,000	-25,776,000	-90,758,000	-46,707,000	16,593,000	44,839,000	-44,366,000	-24,601,000	-20,441,000	31,307,000	-19,135,000	-7,615,000	-7,859,000	4,719,000	-26,914,000	-2,306,000	-2,959,000	9,742,000	-
EBT Margin	17.7%	-0.13	-0.16	-0.18	-0.14	-0.08	-0.03	-0.01	-0.07	-0.10	-0.07	-0.04	-0.01	-0.12	-0.18	-0.18	-0.17	-0.16	0.02	0.03	0.03	-
Net Income	-95.6%	-34,483,000	-17,629,000	-23,897,000	-14,132,000	-48,490,000	-24,793,000	8,642,000	22,869,000	-22,647,000	-13,212,000	-10,093,000	15,306,000	-10,308,000	-3,268,000	-3,588,000	1,468,000	-8,650,000	-	-	-	-1,466,000
Net Income Margin	16.2%	-0.07	-0.09	-0.10	-0.07	-0.04	-0.02	-0.01	-0.04	-0.05	-0.04	-0.02	-0.01	-0.07	-0.07	-0.06	-0.04	-0.06	-0.01	-0.02	-0.05	-
Free Cashflow	180.5%	14,626,000	-18,162,000	44,334,000	-17,530,000	7,612,000	-18,847,000	-7,980,000	-5,226,000	10,955,000	-23,810,000	45,376,000	2,287,000	4,712,000	-14,389,000	36,637,000	4,388,000	-2,808,000	5,022,000	3,633,000	4,449,000	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2018Q4
Assets	2.3%	3,502	3,423	3,465	3,448	3,462	3,412	3,411	2,942	2,876	2,233	1,736	1,577	1,530	723	870	450	399	346	140
Current Assets	15.4%	926	802	818	780	772	711	727	635	578	660	491	334	302	159	310	131	133	68.00	39.00
Cash Equivalents	47.2%	116	79.00	106	81.00	118	251	284	244	228	421	276	123	142	58.00	204	56.00	71.00	18.00	8.00
Net PPE	-6.8%	23.00	24.00	24.00	25.00	25.00	25.00	23.00	18.00	17.00	14.00	12.00	12.00	11.00	8.00	6.00	4.00	3.00	3.00	2.00
Goodwill	-0.7%	1,412	1,422	1,422	1,422	1,422	1,421	1,415	1,232	1,229	885	672	669	652	344	336	198	164	171	66.00
Liabilities	5.7%	2,483	2,350	2,368	2,321	2,322	2,188	2,151	1,703	1,689	1,121	944	771	760	306	447	195	161	295	117
Current Liabilities	29.4%	1,033	798	827	773	699	573	570	531	541	384	355	250	217	125	145	82.00	73.00	66.00	33.00
Shareholder's Equity	-5.1%	560	591	1,097	1,127	608	1,224	1,260	1,239	1,187	1,111	793	806	770	417	423	255	237	-	-
Retained Earnings	-22.6%	-186	-152	-134	-110	-96.76	-48.27	-23.48	-32.12	-54.99	-32.32	-19.49	-9.73	-24.35	-14.04	-10.77	-7.18	-8.65	-206	-
Additional Paid-In Capital	0.6%	747	743	733	717	704	699	683	671	663	608	404	399	392	238	236	90.00	82.00	-	-
Shares Outstanding	0.6%	60.00	60.00	59.00	59.00	57.00	56.00	56.00	56.00	48.00	45.00	45.00	44.00	27.00	24.00	20.00	19.00	18.00	7.00	7.00
Minority Interest	-5.1%	458	483	498	520	531	572	599	599	579	535	407	416	402	193	198	172	164	-	1.00
Float	-	-	-	1,469	-	-	-	1,345	-	-	-	1,172	-	-	-	558	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	273.0%	21,845	-12,629	49,459	-14,031	14,191	-12,012	-1,208	-3,433	13,088	-22,378	46,132	3,287	6,046	-12,873	38,673	4,971	-2,555	5,707	3,997	4,865	-
Share Based Compensation	-8.4%	13,371	14,598	18,758	13,281	21,324	8,388	10,113	7,564	7,272	3,834	4,545	3,542	2,387	2,240	1,978	1,139	3,117	79.00	31.00	-	-
Cashflow From Investing	21.7%	-4,974	-6,354	-5,495	-5,099	-6,891	-17,571	-386,763	-3,132	-454,892	-195,974	-9,249	-18,358	-442,576	-7,807	-187,538	-39,888	802	-24,281	-41,353	-36,188	-
Cashflow From Financing	3163.6%	15,698	481	-17,887	-24,522	-27,446	-3,731	427,994	22,736	248,104	363,805	116,554	-4,404	520,554	-125,758	297,336	19,811	55,314	20,255	42,391	34,122	-
Buy Backs	9.9%	5,479	4,987	8,285	-5,484	-642	-8,279	-9,344	634	-223	446	-	-	-1.00	-	1,292	-	-	-	-11,177	11,177	-

BRP Income Statement

2023-12-31

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Commissions and fees	$ 1,211,828	$ 980,720	$ 567,290
Investment income	6,727	0	0
Total revenues	1,218,555	980,720	567,290
Operating Expenses
Commissions, employee compensation and benefits	911,354	719,445	400,050
Other operating expenses	190,267	173,708	102,162
Amortization expense	92,704	81,738	48,720
Change in fair value of contingent consideration	61,083	32,307	45,196
Depreciation expense	5,698	4,620	2,788
Total operating expenses	1,261,106	1,011,818	598,916
Operating loss	(42,551)	(31,098)	(31,626)
Other Income (Expense)
Interest expense, net	(119,465)	(71,072)	(26,899)
Other income (expense), net	(718)	26,137	424
Total other expense	(120,183)	(44,935)	(26,475)
Loss before income taxes	(162,734)	(76,033)	(58,101)
Income tax expense	1,285	715	19
Net loss	(164,019)	(76,748)	(58,120)
Less: net loss attributable to noncontrolling interests	(73,878)	(34,976)	(27,474)
Net loss attributable to BRP Group	(90,141)	(41,772)	(30,646)
Comprehensive loss	(164,019)	(76,748)	(58,120)
Comprehensive loss attributable to noncontrolling interests	(73,878)	(34,976)	(27,474)
Comprehensive loss attributable to BRP Group	$ (90,141)	$ (41,772)	$ (30,646)
Basic loss per share (in dollars per share)	$ (1.50)	$ (0.74)	$ (0.64)
Diluted loss per share (in dollars per share)	$ (1.50)	$ (0.74)	$ (0.64)
Weighted-average shares of Class A common stock outstanding, basic	60,134,776	56,825,348	47,587,866
Weighted-average shares of Class A common stock outstanding, Diluted	60,134,776	56,825,348	47,587,866

BRP Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 116,209	$ 118,090
Restricted cash	104,824	112,381
Premiums, commissions and fees receivable, net	627,791	531,992
Prepaid expenses and other current assets	12,730	9,936
Assets held for sale	64,351	0
Total current assets	925,905	772,399
Property and equipment, net	22,713	25,405
Right-of-use assets	85,473	96,465
Other assets	38,134	45,935
Intangible assets, net	1,017,343	1,099,918
Goodwill	1,412,369	1,422,060
Total assets	3,501,937	3,462,182
Current liabilities:
Premiums payable to insurance companies	555,569	471,294
Producer commissions payable	64,304	53,927
Accrued expenses and other current liabilities	152,954	125,743
Related party notes payable	1,525	1,525
Current portion of contingent earnout liabilities	215,157	46,717
Liabilities held for sale	43,931	0
Total current liabilities	1,033,440	699,206
Revolving line of credit	341,000	505,000
Long-term debt, less current portion	968,183	809,862
Contingent earnout liabilities, less current portion	61,310	220,219
Operating lease liabilities, less current portion	78,999	87,692
Other liabilities	123	164
Total liabilities	2,483,055	2,322,143
Commitments and contingencies (Note 20)
Mezzanine equity:
Redeemable noncontrolling interest	394	487
Stockholders’ equity:
Additional paid-in capital	746,671	704,291
Accumulated deficit	(186,905)	(96,764)
Stockholder notes receivable	0	(42)
Total stockholders’ equity attributable to BRP Group	560,412	608,104
Noncontrolling interest	458,076	531,448
Total stockholders’ equity	1,018,488	1,139,552
Total liabilities, mezzanine equity and stockholders’ equity	3,501,937	3,462,182
Class A Common Stock
Stockholders’ equity:
Common stock	641	614
Class B Common Stock
Stockholders’ equity:
Common stock	$ 5	$ 5

About BRP Group Inc

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. The Specialty segment delivers specialty insurers, professionals, individuals, and industry businesses the access to specialty markets, as well as capabilities and programs requiring underwriting and placement; and operates as a managing general agent of the Future platform, which delivers proprietary, technology-enabled insurance solutions. The MainStreet segment offers personal insurance, commercial insurance, and life and health solutions to individuals and businesses in its communities. The Medicare segment provides consultation for government assistance programs and solutions, including Medicare and Medicare Advantage to seniors and Medicare-eligible individuals through a network of primarily independent contractor agents. The company was founded in 2011 and is headquartered in Tampa, Florida.

CEO	Mr. Trevor L. Baldwin
WEBSITE	baldwinriskpartners.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	3900

BRP Group Inc Frequently Asked Questions

What is the ticker symbol for BRP Group Inc? What does BRP stand for in stocks?

BRP is the stock ticker symbol of BRP Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of BRP Group Inc (BRP)?

As of Tue Apr 23 2024, market cap of BRP Group Inc is 1.68 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BRP stock?

You can check BRP's fair value in chart for subscribers.

What is the fair value of BRP stock?

You can check BRP's fair value in chart for subscribers. The fair value of BRP Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of BRP Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BRP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is BRP Group Inc a good stock to buy?

The fair value guage provides a quick view whether BRP is over valued or under valued. Whether BRP Group Inc is cheap or expensive depends on the assumptions which impact BRP Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BRP.

What is BRP Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, BRP's PE ratio (Price to Earnings) is -18.68 and Price to Sales (PS) ratio is 1.38. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BRP PE ratio will change depending on the future growth rate expectations of investors.