BRP Stock Summary and Trading Ideas (BRP Group - Class A | NASDAQ:BRP)

BRP Group Inc is a United States-based insurance distribution firm. Its products include commercial property and casualty, or P&C, insurance, employee benefits insurance, and personal lines insurance. The company operates in groups namely, Insurance Advisory Solutions, Underwriting, Capacity & Technology Solutions, and Mainstreet Insurance Solutions. It generates maximum revenue from the Insurance Advisory Solutions.

BRP Group - Class A trades on the NASDAQ stock market under the symbol BRP.

As of April 19, 2024, BRP stock price climbed to $27.59 with 252,801 million shares trading.

BRP has a beta of 1.08, meaning it tends to be more sensitive to market movements. BRP has a correlation of 0.09 to the broad based SPY ETF.

BRP has a market cap of $1.77 billion. This is considered a Small Cap stock.

Last quarter BRP Group - Class A reported $285 million in Revenue and $.14 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.03.

In the last 3 years, BRP stock traded as high as $45.36 and as low as $17.08.

The top ETF exchange traded funds that BRP belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

BRP stock has underperformed the market in the last year with a return of +7.5%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BRP shares. However, BRP has outperformed the market in the last 3 month and 2 week periods, returning +10.0% and +0.6%, while SPY returned +4.3% and -3.5%, respectively. This indicates BRP has been having a stronger performance recently.

BRP support price is $26.07 and resistance is $27.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRP stock will trade within this expected range on the day.