BRP Group, Inc. (NASDAQ:BRP) Shares Sold by Nuveen Asset Management LLC

Posted by on Mar 4th, 2023

Nuveen Asset Management LLC lessened its stake in BRP Group, Inc. (NASDAQ:BRP – Get Rating) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 783,849 shares of the company’s stock after selling 2,188 shares during the quarter. Nuveen Asset Management LLC owned about 0.68% of BRP Group worth $20,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in BRP Group during the third quarter worth $55,000. Eagle Bay Advisors LLC increased its stake in BRP Group by 125.0% during the second quarter. Eagle Bay Advisors LLC now owns 2,356 shares of the company’s stock worth $57,000 after acquiring an additional 1,309 shares during the last quarter. Captrust Financial Advisors increased its stake in BRP Group by 2,262.6% during the second quarter. Captrust Financial Advisors now owns 2,717 shares of the company’s stock worth $66,000 after acquiring an additional 2,602 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in BRP Group during the third quarter worth $73,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of BRP Group by 193.0% during the second quarter. HHM Wealth Advisors LLC now owns 6,270 shares of the company’s stock worth $151,000 after buying an additional 4,130 shares during the period. Institutional investors and hedge funds own 47.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BRP. William Blair lowered BRP Group from an “outperform” rating to a “market perform” rating in a research report on Friday. Wells Fargo & Company raised their price target on BRP Group from $31.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. Finally, Morgan Stanley lowered their price target on BRP Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.50.

BRP Group Trading Down 2.9 %

NASDAQ:BRP opened at $27.05 on Friday. The firm has a market cap of $3.14 billion, a PE ratio of -36.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56. The stock has a fifty day moving average price of $28.91 and a 200 day moving average price of $28.69. BRP Group, Inc. has a 12-month low of $17.08 and a 12-month high of $33.34. The company has a current ratio of 1.10, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

BRP Group Profile

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BRP Group, Inc markets and sells insurance products and services in the United States. The company 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.

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Institutional Ownership by Quarter for BRP Group (NASDAQ:BRP)

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