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

32.67USD+0.16 (+0.49%)Delayed

Market Summary

USD32.67+0.16

Delayed

0.49%

BRP Alerts

Big jump in Earnings (Y/Y)

BRP Stock Price

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BRP RSI Chart

BRP Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

-37.13

Price/Sales (Trailing)

1.59

EV/EBITDA

-12.4

Price/Free Cashflow

56.85

BRP Price/Sales (Trailing)

BRP Profitability

EBT Margin

-7.66%

Return on Equity

-5.08%

Return on Assets

-1.55%

Free Cashflow Yield

1.76%

BRP Fundamentals

BRP Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

15.11%

Rev. Growth (Qtr)

33.63%

BRP Earnings

Earnings (TTM)

-54.4M

Earnings Growth (Yr)

252.69%

Earnings Growth (Qtr)

162.58%

Breaking Down BRP Revenue

Last 7 days

8.9%

Last 30 days

23.6%

Last 90 days

21.0%

Trailing 12 Months

49.7%

How does BRP drawdown profile look like?

BRP Financial Health

Current Ratio

0.9

BRP Investor Care

Shares Dilution (1Y)

5.36%

Diluted EPS (TTM)

-0.93

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
2024	1.3B	0	0	0
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
May 16, 2024	JANE STREET GROUP, LLC	reduced	-6.62	148,535	1,336,280	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.48	231,371	1,765,600	-%
May 16, 2024	COMERICA BANK	added	6.21	26,824	122,746	-%
May 15, 2024	STATE STREET CORP	added	0.57	6,694,650	38,316,900	-%
May 15, 2024	Voya Investment Management LLC	reduced	-16.9	669	580,536	-%
May 15, 2024	Cubist Systematic Strategies, LLC	reduced	-98.09	-104,573	2,460	-%
May 15, 2024	Engineers Gate Manager LP	new	-	278,056	278,056	0.01%
May 15, 2024	Bayesian Capital Management, LP	new	-	382,008	382,008	0.04%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-30.98	-148,860	735,076	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	2,460	14,470	-%

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

BRP Alerts

Big jump in Earnings (Y/Y)

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
May 16, 2024	8-K	Current Report
May 13, 2024	144	Notice of Insider Sale Intent
May 13, 2024	144	Notice of Insider Sale Intent
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 10, 2024	144	Notice of Insider Sale Intent
May 10, 2024	144	Notice of Insider Sale Intent
May 09, 2024	144	Notice of Insider Sale Intent
May 09, 2024	144	Notice of Insider Sale Intent

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	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	33.6%	380,367,000	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
Costs and Expenses	10.1%	346,109,000	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
Operating Expenses	-6.6%	45,795,000	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	33.1%	-0.11	-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	-
Interest Expenses	1.0%	-31,545,000	-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	75.1%	667,000	381,000	161,000	665,000	78,000	715,000	-	-	-	19,000	-	-	-	-17,000	-	-	12,000	17,000	-	-	-
Earnings Before Taxes	164.0%	39,767,000	-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	42.6%	-0.08	-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	-
Net Income	162.6%	21,578,000	-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	-	-	-
Net Income Margin	42.0%	-0.04	-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	-
Free Cashflow	-135.9%	-5,252,000	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	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																				(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2018Q4
Assets	0.2%	3,510	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	2.7%	951	926	802	818	780	772	711	727	635	578	660	491	334	302	159	310	131	133	68.00	39.00
Cash Equivalents	101.6%	234	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	1.2%	23.00	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%	1,412	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	-1.8%	2,438	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	1.9%	1,053	1,033	798	827	773	699	573	570	531	541	384	355	250	217	125	145	82.00	73.00	66.00	33.00
LT Debt, Current	0%	10.00	10.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00
Shareholder's Equity	91.2%	1,071	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	11.5%	-165	-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	2.1%	763	747	743	733	717	704	699	683	671	663	608	404	399	392	238	236	90.00	82.00	-	-
Shares Outstanding	2.9%	62.00	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	-
Minority Interest	3.3%	473	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-86.8%	2,894	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	5.4%	14,094	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	996.9%	44,613	-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	-355.8%	-40,153	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	-100.0%	-	5,479	4,987	8,285	-5,484	-642	-8,279	-9,344	634	-223	446	-	-	-1.00	-	1,292	-	-	-	-11,177	11,177

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BRP Income Statement

2024-03-31

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Commissions and fees	$ 378,096	$ 329,523
Investment income	2,271	923
Total revenues	380,367	330,446
Operating expenses:
Commissions, employee compensation and benefits	262,092	230,954
Other operating expenses	45,795	46,604
Amortization expense	24,041	23,163
Change in fair value of contingent consideration	12,676	24,758
Depreciation expense	1,505	1,348
Total operating expenses	346,109	326,827
Operating income	34,258	3,619
Other income (expense):
Interest expense, net	(31,545)	(27,884)
Gain on divestitures	36,516	0
Other income (expense), net	538	(1,511)
Total other income (expense), net	5,509	(29,395)
Income (loss) before income taxes	39,767	(25,776)
Income tax expense	667	78
Net income (loss)	39,100	(25,854)
Less: net income (loss) attributable to noncontrolling interests	17,522	(11,722)
Net income (loss) attributable to Baldwin	21,578	(14,132)
Comprehensive income (loss)	39,100	(25,854)
Comprehensive income (loss) attributable to noncontrolling interests	17,522	(11,722)
Comprehensive income (loss) attributable to Baldwin	$ 21,578	$ (14,132)
Basic earnings (loss) per share	$ 0.35	$ (0.24)
Diluted earnings (loss) per share	$ 0.33	$ (0.24)
Weighted-average shares of Class A common stock outstanding - basic	61,856,147	58,711,798
Weighted-average shares of Class A common stock outstanding - diluted	65,314,248	58,711,798

BRP Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 112,113	$ 116,209
Restricted cash	122,204	104,824
Premiums, commissions and fees receivable, net	701,892	627,791
Prepaid expenses and other current assets	14,909	12,730
Assets held for sale	0	64,351
Total current assets	951,118	925,905
Property and equipment, net	22,994	22,713
Right-of-use assets	83,461	85,473
Other assets	39,777	38,134
Intangible assets, net	1,000,274	1,017,343
Goodwill	1,412,369	1,412,369
Total assets	3,509,993	3,501,937
Current Liabilities
Premiums payable to insurance companies	599,828	555,569
Producer commissions payable	85,687	64,304
Accrued expenses and other current liabilities	132,234	152,954
Related party notes payable	5,691	1,525
Current portion of contingent earnout liabilities	229,529	215,157
Liabilities held for sale	0	43,931
Total current liabilities	1,052,969	1,033,440
Revolving line of credit	334,000	341,000
Long-term debt, less current portion	966,962	968,183
Contingent earnout liabilities, less current portion	6,336	61,310
Operating lease liabilities, less current portion	77,830	78,999
Other liabilities	123	123
Total liabilities	2,438,220	2,483,055
Mezzanine Equity
Redeemable noncontrolling interest	455	394
Stockholders' Equity Attributable to BRP Group, Inc.
Additional paid-in capital	762,609	746,671
Accumulated deficit	(165,327)	(186,905)
Total stockholders’ equity attributable to Baldwin	597,939	560,412
Noncontrolling interest	473,379	458,076
Total stockholders’ equity	1,071,318	1,018,488
Total liabilities, mezzanine equity and stockholders’ equity	3,509,993	3,501,937
Common Class A
Stockholders' Equity Attributable to BRP Group, Inc.
Common stock	652	641
Common Class B
Stockholders' Equity Attributable to BRP Group, Inc.
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 Fri May 17 2024, market cap of BRP Group Inc is 2.02 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 Fri May 17 2024, BRP's PE ratio (Price to Earnings) is -37.13 and Price to Sales (PS) ratio is 1.59. 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.