Price: $29.4200
$0.12
0.410%
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Day's High:
| $29.85
| Week Perf:
| -0.81 %
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Day's Low: |
$ 28.68 |
30 Day Perf: |
10.77 % |
Volume (M): |
228 |
52 Wk High: |
$ 30.84 |
Volume (M$): |
$ 6,699 |
52 Wk Avg: |
$23.89 |
Open: |
$29.15 |
52 Wk Low: |
$17.33 |
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Market Capitalization (Millions $) |
1,768 |
Shares
Outstanding (Millions) |
60 |
Employees |
- |
Revenues (TTM) (Millions $) |
1,219 |
Net Income (TTM) (Millions $) |
-164 |
Cash Flow (TTM) (Millions $) |
-4 |
Capital Exp. (TTM) (Millions $) |
21 |
Brp Group Inc
BRP Group, Inc. is a publicly traded insurance brokerage and advisory firm headquartered in Tampa, Florida. The company was founded in 2011, and it provides insurance solutions to businesses and individuals across the United States. BRP is an acronym for Baldwin Risk Partners, the name of the company's predecessor. The company was founded by insurance industry veteran Lowry Baldwin.
BRP Group is organized into four operating segments: middle-market commercial, employee benefits, private client, and program. Each segment operates as a distinct business unit under the BRP Group umbrella. The middle-market commercial segment focuses on serving middle-market businesses across a variety of industries, including construction, healthcare, hospitality, and manufacturing. The employee benefits segment provides consulting services and insurance products related to health, dental, and vision coverage, as well as retirement plans. The private client segment serves high net worth individuals and families with customized insurance solutions. The program segment provides underwriting and distribution services for specialty insurance products.
The company's strategy is focused on growth through organic initiatives and acquisitions. BRP has made several strategic acquisitions in recent years, including the 2019 acquisition of the Registered Investment Advisor assets of Adams Keegan, a Tennessee-based professional employer organization. The acquisition expanded BRP's employee benefits business and added a new line of business to the company's portfolio.
BRP Group has a strong corporate culture centered around its core values of integrity, passion, and empathy. The company places a strong emphasis on employee engagement, offering competitive compensation packages, and opportunities for professional development. The company's commitment to employee satisfaction has earned it recognition as one of the Best Places to Work by several publications, including the Tampa Bay Business Journal and Best Companies Group.
In conclusion, BRP Group, Inc. is a leading insurance brokerage and advisory firm that operates across multiple business segments. The company's strategy is focused on growth through both organic initiatives and strategic acquisitions. BRP is committed to its core values and fostering strong employee engagement, which has contributed to its success in the highly competitive insurance industry.
Company Address: 4211 W. Boy Scout Blvd. Tampa, 33607 FL
Company Phone Number: 279-0698 Stock Exchange / Ticker: NASDAQ BRP
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Stock Performances by Major Competitors |
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Product Service News
Published Tue, Mar 5 2024 3:00 PM UTC
TAMPA, Fla. - Millennial Specialty Insurance, LLC (MSI), a leading provider of comprehensive insurance solutions, has extended its multifamily-focused offerings into the Canadian market. Partnering with Summit Commercial Solutions, MSI is now able to offer a range of insurance products tailored for the rental market in Canada.This strategic move marks a significant milestone...
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Brp Group Inc
BRP Group, Inc. recently reported its financial results for the fourth quarter of 2023, showing a rise in revenue year on year but a widening net deficit per share. While the company recorded a revenue increase of 9.196% to $284.65 million, it still faced a deficit per share of $-0.54, compared to $-0.29 in the prior quarter. The operating earnings also fell significantly, leading to a decline in the operating margin. Despite these challenges, the company saw an improvement in its accounts receivable, indicating rising demand for its services. However, the overall financial performance for the fiscal period 2023 showed a net deficit of $-164.02 million, with a revenue increase of 24.25% from the previous year.
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Management Changes
Published Fri, Jan 19 2024 2:00 PM UTC
In a recent press release, BRP Group, Inc. (BRP Group) unveiled significant executive appointments as part of its strategic growth plans. Dan Galbraith, the current Chief Operating Officer, and Jim Roche, the Chief Insurance Innovation Officer, have been elevated to the positions of Co-Presidents of BRP Group. This decision comes at a critical time for the independ...
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Brp Group Inc
Financial News Report: BRP Group Inc Reports Shortfall per Share Despite Surge in Revenue BRP Group Inc, a leading Insurance Brokerage company, recently released its financial report for the period ending June 30, 2023. Despite witnessing a significant increase in revenue, the company reported a shortfall per stock of $-0.40 per share during this period. According to the report, BRP Group Inc's revenue surged by an impressive 36.434% to $297.19 million compared to the same reporting season a year prior. In the preceding reporting season, the company recorded revenue of $330.45 million and a shortfall of $-0.24 per share. However, this year, BRP Group Inc logged a net shortfall of $-43.663 million for the financial period ending June 30, 2023, in contrast to the earnings of $16.593 million reported in the same reporting season a year before. This significant decline in earnings is a matter of concern for the company and its investors. One potentially positive indicator is the increase in accounts receivable, which suggests rising demand. The accounts receivables were valued at $593.9 million, surpassing the previous quarter's value. This could indicate a strong demand for BRP Group Inc's services in the market.
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Brp Group Inc
Brp Group Inc, an insurance brokerage company, has reported a widening deficit of $-0.24 per share for the period of January to March 31, 2023. Interestingly, its revenue has recorded a considerable surge of 36.071% to $330.45 million compared to the previous reporting season. This increase in revenue is impressive, and we can see that the company is expanding its operations. Going back to the prior financial year's Q1 report, it can be observed that the revenue was $260.68 million, whereas the company realized a shortfall of $-0.78 per share. This highlights that Brp Group Inc has done well to improve its revenue generating abilities, despite the net loss this quarter. Though the company has posted a net loss of $-25.854 million in this year's Q1 report, it is a significant improvement from the $44.839 million net proceeds it made in the comparable reporting season a year before. While this may seem like a setback, it is important to keep in mind the many unprecedented challenges that businesses are facing in the current environment.
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Per Share |
Current |
Earnings (TTM) |
-1.47 $ |
Revenues (TTM) |
20.28 $
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Cash Flow (TTM) |
- |
Cash |
1.93 $
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Book Value |
16.95 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-1.47 $
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Revenues (TTM) |
20.28 $ |
Cash Flow (TTM) |
- |
Cash |
1.93 $
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Book Value |
16.95 $ |
Dividend (TTM) |
0 $ |
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