Fintel reports that on December 12, 2023, Raymond James upgraded their outlook for BRP Group Inc - (NASDAQ:BRP) from Outperform to Strong Buy .
Analyst Price Forecast Suggests 57.06% Upside
As of November 27, 2023, the average one-year price target for BRP Group Inc - is 30.45. The forecasts range from a low of 24.24 to a high of $43.05. The average price target represents an increase of 57.06% from its latest reported closing price of 19.39.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for BRP Group Inc - is 1,178MM, a decrease of 0.17%. The projected annual non-GAAP EPS is 1.25.
What is the Fund Sentiment?
There are 383 funds or institutions reporting positions in BRP Group Inc -. This is an increase of 27 owner(s) or 7.58% in the last quarter. Average portfolio weight of all funds dedicated to BRP is 0.39%, an increase of 14.85%. Total shares owned by institutions increased in the last three months by 6.80% to 78,448K shares. 
The put/call ratio of BRP is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
Champlain Investment Partners holds 3,742K shares representing 5.82% ownership of the company. In it's prior filing, the firm reported owning 3,319K shares, representing an increase of 11.29%. The firm increased its portfolio allocation in BRP by 11.40% over the last quarter.
Bamco holds 3,110K shares representing 4.84% ownership of the company. In it's prior filing, the firm reported owning 3,112K shares, representing a decrease of 0.06%. The firm decreased its portfolio allocation in BRP by 1.70% over the last quarter.
BSCFX - BARON SMALL CAP FUND holds 3,100K shares representing 4.82% ownership of the company. No change in the last quarter.
Macquarie Group holds 2,478K shares representing 3.85% ownership of the company. In it's prior filing, the firm reported owning 1,864K shares, representing an increase of 24.80%. The firm decreased its portfolio allocation in BRP by 28.95% over the last quarter.
Invesco holds 2,113K shares representing 3.28% ownership of the company. In it's prior filing, the firm reported owning 2,059K shares, representing an increase of 2.55%. The firm decreased its portfolio allocation in BRP by 90.74% over the last quarter.
BRP Group Background Information
(This description is provided by the company.)
BRP Group, Inc. (NASDAQ: BRP) is a rapidly growing independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance and employee benefits, and support our clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our growth. BRP represents over 500,000 clients across the United States and internationally.
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This story originally appeared on Fintel.
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