Reviewing BRP Group (BRP) and The Competition
BRP Group (NASDAQ: BRP) is one of 25 publicly-traded companies in the “Insurance agents, brokers, & service” industry, but how does it contrast to its competitors? We will compare BRP Group to related companies based on the strength of its analyst recommendations, valuation, earnings, dividends, profitability, institutional ownership and risk.
Insider and Institutional Ownership
94.6% of BRP Group shares are owned by institutional investors. Comparatively, 69.0% of shares of all “Insurance agents, brokers, & service” companies are owned by institutional investors. 35.9% of BRP Group shares are owned by insiders. Comparatively, 26.7% of shares of all “Insurance agents, brokers, & service” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
This table compares BRP Group and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|BRP Group Competitors||7.58%||21.57%||7.14%|
This is a summary of recent ratings and recommmendations for BRP Group and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|BRP Group Competitors||297||925||1023||73||2.38|
BRP Group presently has a consensus target price of $30.00, suggesting a potential upside of 8.46%. As a group, “Insurance agents, brokers, & service” companies have a potential upside of 6.41%. Given BRP Group’s stronger consensus rating and higher possible upside, equities analysts plainly believe BRP Group is more favorable than its competitors.
Earnings and Valuation
This table compares BRP Group and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|BRP Group||$137.84 million||-$8.65 million||138.30|
|BRP Group Competitors||$11.04 billion||$841.34 million||48.34|
BRP Group’s competitors have higher revenue and earnings than BRP Group. BRP Group is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
About BRP Group
BRP Group, Inc. operates as an insurance distribution company in the United States and internationally. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The 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 and families. The Specialty segment operates as a wholesale co-brokerage platform that delivers programs requiring underwriting and placement services. The MainStreet segment offers personal, commercial, and life and health solutions to individuals and businesses in their communities. The Medicare segment provides consultation for government assistance programs and solutions to seniors and individuals through a network of agents. The company was founded in 2011 and is headquartered in Tampa, Florida.
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