MARKET

BRP

BRP

BRP GROUP
NASDAQ

Real-time Quotes | Nasdaq Last Sale

30.84
+1.39
+4.72%
Closed 16:02 12/01 EST
OPEN
29.43
PREV CLOSE
29.45
HIGH
31.41
LOW
29.01
VOLUME
336.71K
TURNOVER
--
52 WEEK HIGH
33.56
52 WEEK LOW
8.35
MARKET CAP
2.44B
P/E (TTM)
-114.6895
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BRP Group acquires Armfield, Harrison & Thomas, expanding mid-market scale
BRP Group (BRP) acquires all outstanding equity interests of Armfield, Harrison & Thomas, a  brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services for
Seekingalpha · 12h ago
BRP Group, Inc. Announces Acquisition of Armfield, Harrison & Thomas
\- Adds $52.31 Million of Annualized Revenues, BRP Group’s Largest Partnership to Date - \- Significantly Expands BRP Group’s Middle-Market Presence in the Pacific Northwest, Mid-Atlantic, and Northeast –\- Adds Numerous Specialty Industry Verticals, Including Technology, Not-For-Profit, Life Sciences, Manufacturing and Construction -\- Brings BRP Group’s Total Annualized Revenues from 2020 Announced Partnerships to $1732 Million -TAMPA, Fla., Dec. 01, 2020 (GLOBE NEWSWIRE) -- BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that the Company has acquired all of the outstanding equity interests of Armfield, Harrison & Thomas, Inc. (which will be converted post-acquisition to a limited liability company with the name Armfield, Harrison & Thomas, LLC (“AHT”)), a brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services for a wide range of industries. The Company will own and operate AHT through its middle-market subsidiary and operating group.With annual revenues generated of approximately $52.31 million, excluding $5.53 million of pro forma annualized revenues associated with acquisitions recently completed by AHT, AHT (65 in Business Insurance’s “Top 100” list of largest U.S. brokers) represents the largest new Partnership in BRP Group’s history and marks the second “Top 100” partnership closed in the fourth quarter of 2020. AHT’s President and Chief Executive Officer David Schaefer will serve as a Regional President within BRP Group’s middle-market operating group.With major offices in the Seattle, Washington D.C., New York and Boston metropolitan areas, AHT brings to BRP Group immediate middle-market scale in the Pacific Northwest, Mid-Atlantic, and Northeast regions. AHT also brings deep specialization and expertise across a number of high-growth industry verticals, including Technology, Not-For-Profit, Life Sciences & Healthcare, Manufacturing and Construction, among others.“Partnering with AHT is exciting for BRP Group and dovetails with our long-term strategy of both rapid organic and Partnership growth. We expect the addition of AHT – one of the top independent middle-market firms in the country with an amazing roster of talent – to further accelerate our growth trajectory and provide us with immediate scale in new geographies,” said Trevor Baldwin, Chief Executive Officer of BRP Group. “AHT’s depth of expertise and industry focus are clear complements to our ongoing specialization efforts in middle-market, and the leadership team at AHT is aligned with our culture and ensuring that our clients always come first. We’re thrilled to welcome the AHT team to the BRP family, and with their addition, we have taken a major step toward further growing our platform across the U.S.”“We’ve built a successful business, and developed a sterling reputation thanks to our resolute focus on client-centric solutions. We believe joining the BRP Group team presents a meaningful opportunity to take our growth to the next level, and we expect the combination will create considerable value long term,” said David Schaefer, President and Chief Executive Officer of AHT. “By joining BRP Group, we will provide our clients and talent with significant new benefits from the wealth of tools and capabilities gained by coming on board the BRP platform. We are looking forward to a smooth transition, while providing our clients with the same level of service to which they are accustomed.”Reagan Consulting, Inc. and its wholly-owned subsidiary, Reagan Securities, Inc. acted as financial advisor to AHT in the transaction.WEBCAST AND CONFERENCE CALL INFORMATIONBRP Group will host a webcast and conference call to discuss the AHT Partnership on Wednesday, December 2, 2020 at 8:30 AM ET. A live webcast and a slide presentation will be available on BRP Group’s investor relations website at ir.baldwinriskpartners.com. The dial-in number for the conference call is (877) 451-6152 (toll-free) or (201) 389-0879 (international). Please dial the number 10 minutes prior to the scheduled start time.A replay will be available following the end of the call through Wednesday, December 16, 2020, by telephone at (844) 512-2921 (toll-free) or (412) 317-6671 (international), passcode 13713650. A webcast replay of the call will be available at ir.baldwinriskpartners.com for one year following the call.ABOUT BRP GROUP, INC.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. For more information, please visit www.baldwinriskpartners.com.ABOUT ARMFIELD, HARRISON & THOMAS, INC.AHT is a brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services for a wide range of industries – boasting national recognition for our specialty practices in areas including Technology, Life Sciences, Manufacturing, Government Contracting, International Development Organizations, Management Liability and Nonprofits. For more information about AHT, please visit https://www.ahtins.com/.NOTE REGARDING FORWARD-LOOKING STATEMENTSThis press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group’s strategies or expectations, including about this Partnership. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year ended December 31, 2019, BRP Group’s Quarterly Report on Form 10-Q for the three months ended March 31, 2020, and BRP Group’s other filings with the SEC, which are available free of charge on the Securities and Exchange Commission's website at: www.sec.gov, including those risks and other factors relevant to BRP Group’s integration of this Partnership, matters assessed in BRP Group’s due diligence, risks related to the disruption of management time from ongoing business operations due to this Partnership, the business, financial condition and results of operations of BRP Group or this Partner, or both, and factors related to the potential effects of the COVID-19 pandemic on BRP Group’s business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.CONTACTSINVESTOR RELATIONSInvestor Relations(813) 259-8032 | IR@baldwinriskpartners.comPRESSRachel Carr, Marketing DirectorBaldwin Risk Partners(813) 418-5166 | Rachel.Carr@baldwinriskpartners.com1 Calculated as revenue attributable to the acquired business for the most recent twelve-month period prior to acquisition by BRP Group based on Quality of Earnings Review. Excludes any unowned acquired revenue from acquisitions made by such acquired business in the last twelve months prior to the acquisition. 2 Represents the aggregate revenues of Partners acquired during 2020, for the most recent trailing twelve-month period prior to acquisition by BRP Group, in each case, at the time the due diligence was concluded based on a Quality of Earnings Review and not an audit. 3 Based on Quality of Earnings Review
GlobeNewswire · 12h ago
BRP Group, Inc. Completes Acquisition of Insgroup
TAMPA, Fla., Nov. 30, 2020 (GLOBE NEWSWIRE) -- BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced Baldwin Krystyn Sherman Partners, LLC (“BKS”), the middle-market subsidiary of BRP Group, completed the previously announced acquisition of Insgroup, Inc. (which converted prior to closing to a limited liability company with the name Insgroup, LLC). ABOUT BRP GROUP, INC.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. For more information, please visit www.baldwinriskpartners.com. Learn more about BKS Partners at www.bks-partners.com.NOTE REGARDING FORWARD-LOOKING STATEMENTSThis press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group’s strategies or expectations, including about this Partnership. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year ended December 31, 2019, BRP Group’s Quarterly Report on Form 10-Q for the three months ended March 31, 2020, and BRP Group’s other filings with the SEC, which are available free of charge on the Securities and Exchange Commission's website at: www.sec.gov, including those risks and other factors relevant to BRP Group’s integration of this Partnership, matters assessed in BRP Group’s due diligence, risks related to the disruption of management time from ongoing business operations due to this Partnership, the business, financial condition and results of operations of BRP Group or this Partner, or both, and factors related to the potential effects of the COVID-19 pandemic on BRP Group’s business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.CONTACTSINVESTOR RELATIONS Investor Relations (813) 259-8032 | IR@baldwinriskpartners.comPRESSRachel Carr, Marketing Director Baldwin Risk Partners (813) 418-5166 | Rachel.Carr@baldwinriskpartners.com
GlobeNewswire · 1d ago
US$31.60 - That's What Analysts Think BRP Group, Inc. (NASDAQ:BRP) Is Worth After These Results
It's been a good week for BRP Group, Inc. (NASDAQ:BRP) shareholders, because the company has just released its latest...
Simply Wall St. · 11/15 12:32
BRP Group Q3 Adj. EPS $0.11 Beats $0.10 Estimate, Sales $65.80M Beat $61.56M Estimate
BRP Group (NASDAQ:BRP) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.10 by 10 percent. This is a 283.33 percent increase over losses of $(0.06) per share from the same
Benzinga · 11/12 21:22
BRP Group Inc - Ordinary Shares - Class A to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / November 12, 2020 / BRP Group Inc - Ordinary Shares - Class A (NASDAQ:BRP) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 12, 2020 at 5:00 PM Eastern Time.
ACCESSWIRE · 11/12 20:15
If You Had Bought BRP Group (NASDAQ:BRP) Stock A Year Ago, You Could Pocket A 58% Gain Today
Passive investing in index funds can generate returns that roughly match the overall market. But if you pick the right...
Simply Wall St. · 10/22 12:21
BRP Group, Inc. to Report Third Quarter 2020 Results on Thursday, November 12, 2020
TAMPA, Fla., Oct. 15, 2020 (GLOBE NEWSWIRE) -- BRP Group, Inc. (“BRP” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance and risk management insights and solutions, announced today that it will report its third quarter 2020 financial results after the market closes on Thursday, November 12, 2020.The company will hold a conference call to discuss results at 5:00 PM ET on that day. The dial-in number for the conference call is (877) 451-6152 (toll-free) or (201) 389-0879 (international). Please dial the number 10 minutes prior to the scheduled start time. A live webcast of the conference call will also be available on BRP’s investor relations website at ir.baldwinriskpartners.com.  A webcast replay of the call will be available at ir.baldwinriskpartners.com for one year following the call.  About BRPBRP 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. For more information, please visit www.baldwinriskpartners.com.INVESTOR RELATIONS CONTACTInvestor Relations (813) 259-8032 IR@baldwinriskpartners.comPRESS CONTACT Rachel Carr Baldwin Risk Partners (813) 418-5166 Rachel.carr@baldwinriskpartners.com
GlobeNewswire · 10/15 20:15
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Analyst Rating

Based on 7 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average BRP stock price target is 32.80 with a high estimate of 36.00 and a low estimate of 29.00.
EPS
Institutional Holdings
Institutions: 130
Institutional Holdings: 28.86M
% Owned: 36.42%
Shares Outstanding: 79.24M
TypeInstitutionsShares
Increased
38
3.30M
New
36
-1.52M
Decreased
33
5.12M
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0
0
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Industry
Multiline Insurance & Brokers
+1.98%
Insurance
+2.17%
Key Executives
Chairman/Director
Lowry Baldwin
Chief Executive Officer/Director
Trevor Baldwin
Chief Financial Officer
Kris Wiebeck
Chief Operating Officer
Daniel Galbraith
Chief Accounting Officer
Brad Hale
General Counsel
Christopher Stephens
Other
John Valentine
Independent Director
Phillip Casey
Independent Director
Robert Eddy
Independent Director
Joseph Kadow
Independent Director
Barbara Matas
Independent Director
Chris Sullivan
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About BRP
BRP Group Inc. is an insurance distribution company for various personal and business insurance lines. It provides diversified products and services to its clients through its four reporting segments: Middle Market, Main Street, Medicare and Specialty. Its Middle Market segment provides private risk management, commercial risk management and employee benefits solutions for mid-to-large-size businesses and high net worth individuals, as well as their families. Its Main Street segment offers personal insurance, commercial insurance and life and health solutions to individuals and businesses in their communities. Its Medicare offers consultation for government assistance programs and solutions to seniors and Medicare-eligible individuals through a network of agents. Its Specialty segment delivers specialty insurers, professionals, individuals and niche industry businesses expanded access to exclusive specialty markets, capabilities and programs requiring underwriting and placement.
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