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 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 insurance, commercial insurance, 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.
IPO Year: 2019
Exchange: NASDAQ
Website: baldwinriskpartners.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2024 | $27.00 → $33.00 | Neutral → Overweight | JP Morgan |
| 12/12/2023 | $30.00 | Outperform → Strong Buy | Raymond James |
| 11/8/2023 | $28.00 → $24.00 | Overweight → Equal Weight | Wells Fargo |
| 3/3/2023 | Outperform → Mkt Perform | William Blair | |
| 10/3/2022 | $31.00 → $30.00 | Overweight → Neutral | JP Morgan |
| 4/18/2022 | $30.00 | Buy | UBS |
| 3/14/2022 | $31.00 | Neutral → Buy | BofA Securities |
| 3/9/2022 | $40.00 → $26.00 | Equal-Weight | Morgan Stanley |
| 3/4/2022 | $43.00 → $39.00 | Outperform | Raymond James |
| 3/2/2022 | $42.00 → $35.00 | Overweight | JP Morgan |
4 - BRP Group, Inc. (0001781755) (Issuer)
4 - BRP Group, Inc. (0001781755) (Issuer)
4 - Baldwin Insurance Group, Inc. (0001781755) (Issuer)
4 - Baldwin Insurance Group, Inc. (0001781755) (Issuer)
4 - Baldwin Insurance Group, Inc. (0001781755) (Issuer)
4 - Baldwin Insurance Group, Inc. (0001781755) (Issuer)
4 - Baldwin Insurance Group, Inc. (0001781755) (Issuer)
4 - BRP Group, Inc. (0001781755) (Issuer)
4 - BRP Group, Inc. (0001781755) (Issuer)
4 - BRP Group, Inc. (0001781755) (Issuer)
4 - BRP Group, Inc. (0001781755) (Issuer)
4 - BRP Group, Inc. (0001781755) (Issuer)
Connected Risk Solutions to join Amwins' Brokerage Division CHARLOTTE, N.C., Feb. 29, 2024 /PRNewswire/ -- Amwins, a global distributor of specialty insurance products and services, announced it signed a definitive agreement to acquire Connected Risk Solutions, LLC, the wholesale E&S insurance brokerage operated by publicly traded insurance distribution firm BRP Group, Inc. ("BRP") (NASDAQ:BRP). "We are pleased that the Connected Risk Solutions team is joining the Amwins' Brokerage team so that we can collectively leverage our expertise, particularly in the specialty areas of
MIAMI, Jan. 23, 2024 /PRNewswire/ -- Advent Allen International, a leading developer in entertainment, retail, and hospitality venues, is thrilled to announce the appointment of Joseph Kadow as a Senior Partner and Chief Legal and Business Affairs Officer. Kadow brings a wealth of experience and a proven track record to Advent Allen International, making him an invaluable addition to the team and a growing international slate of businesses. As Chief Legal and Business Affairs Officer, Kadow will be responsible for all aspects of the Company's legal and transaction matters and an active partner in the Company's tactical planning and execution. With a reputation for strategic leadership and
SYDNEY, Australia, July 18, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ:IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the appointment of Sunita Parasuraman to its Board of Directors. Ms. Parasuraman will also serve as Chair of the Audit and Risk Committee. During her career as a senior technology executive, Ms. Parasuraman has built and scaled world-class teams at Meta (Facebook), VMware, Genentech, and Apple. Ms. Parasuraman most recently served as the Head of Investments, New Product Experimentation at Meta (Facebook) and, prior to that,
TAMPA, Fla., Jan. 04, 2021 (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 grants (each a “Grant”) of restricted shares of the Company’s Class A Common Stock to certain new employees that the Board of Directors (the “Board”) of the Company previously approved in connection with the Partnerships, BRP Group’s nomenclature for strategic acquisitions, with (i) Armfield, Harrison & Thomas, Inc. (“AHT”), (ii) Burnham Benefits Insurance Services, Inc. and Burnham Gibson Wealth Advisors, Inc. (collectively, “Burnham”) and (iii) Tanner, Ballew & Maloof
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin" or the "Company") (NASDAQ:BRP), highlighted today that its Class A common stock will begin trading on NASDAQ under the new ticker symbol "BWIN" as of market open on May 20, 2024. This will replace the Company's current ticker symbol "BRP". The new ticker symbol "BWIN" aligns with the Company's rebranding to The Baldwin Group and related name change, previously announced on May 1, 2024. No action by the Company's shareholders is required with respect to the ticker symbol change. Baldwin's CUSIP number will remain unchanged. ABOUT THE BALDWIN GROUP The Baldwin Gro
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin," "we" or "our") (NASDAQ:BRP), today announced that its subsidiary, The Baldwin Insurance Group Holdings, LLC ("Baldwin Holdings"), successfully priced a new $840 million senior secured first lien term loan facility maturing on or about May 24, 2031 (the "new term loan facility") and a new $600 million senior secured first lien revolving facility maturing on or about May 24, 2029 (the "new revolving facility" and, together with the new term loan facility, the "new credit facilities"). The new term loan facility will bear interest at term SOFR, plus an applicable margin
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin") (NASDAQ:BRP), announced today the pricing of the previously announced offering by its direct subsidiary The Baldwin Insurance Group Holdings, LLC ("Baldwin Holdings") and a wholly-owned corporate subsidiary of Baldwin Holdings of $600 million (representing an upsize from the previously announced $500 million) aggregate principal amount of senior secured notes due 2031 (the "notes"). The notes will be issued at par and will bear interest at a rate of 7.125% per annum payable semiannually in cash in arrears on May 15 and November 15 of each year, beginning November 15,
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin") (NASDAQ:BRP), announced today the offering by its direct subsidiary The Baldwin Insurance Group Holdings, LLC ("Baldwin Holdings") and a wholly-owned corporate subsidiary of Baldwin Holdings (the "co-issuer") of $500 million aggregate principal amount of proposed senior secured notes due 2031 (the "notes"), subject to market and other conditions. The notes will be guaranteed by each of Baldwin Holdings' material domestic wholly-owned subsidiaries that are expected to guarantee Baldwin Holdings' new credit facilities, which Baldwin Holdings intends to enter into subst
- Total Revenue Growth of 15% to $380.4 Million; Organic Revenue Growth(1) of 16% - - Net Income of $39.1 Million and Diluted Earnings Per Share of $0.33; Adjusted Diluted EPS(2) Growth of 33% to $0.56 - - Adjusted EBITDA(3) Growth of 29% Year Over Year to $101.7 Million and Adjusted EBITDA Margin(3) of 27%, a 280 Basis Point Expansion Compared to the Prior-Year Period - The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results f
Westwood Insurance Agency LLC ("Westwood"), an indirect subsidiary of The Baldwin Insurance Group, Inc. ("Baldwin") (NASDAQ:BRP), a leading full-service agency specializing in personal lines insurance for the homebuilding industry, announced today a new strategic collaboration with Landsea Homes, a publicly-traded residential homebuilder. This relationship will enable Landsea Homes to offer home insurance to their customers through Landsea Insurance Agency by using Westwood's technology platform. This new offering enhances the insurance buying experience by using an embedded model that allows Landsea Homes' customers to efficiently secure home insurance early in the home-buying journey. W
Insurance Distribution Firm Adopts New Brand to Unify Retail Brokerage Operations Under a Single Brand and to Reflect Firm's Transformation, Growth and Integration BRP Group, Inc. ("Baldwin" or the "Company") (NASDAQ:BRP) announced today that it will transition to a new firm-wide brand to best reflect the firm's transformation, growth and integrated approach to delivering innovative client solutions. Effective today, the firm's brand name will be The Baldwin Group. In the coming months, the firm's retail brokerage operations – with nearly 40 regional brands – will also transition to The Baldwin Group as the singular "go-to-market" brand delivering a broad range of business insurance, em
HELSINKI, April 25, 2024 /PRNewswire/ -- ICEYE, a global leader in satellite-powered disaster management solutions, has announced a new data collaboration with Juniper Re, LLC ("Juniper Re"), the dynamic reinsurance broking arm and indirect subsidiary of BRP Group, Inc. (NASDAQ:BRP). Juniper Re will leverage ICEYE's Flood and Wildfire Insights data to support their carrier clients by accessing near real-time observed data on large-scale events to determine the impact within hours and support data-driven decisions. This collaboration forms part of Juniper Re's investment in inn
2024 report reveals D&O and Cyber Insurance premiums leveling off compared to this time last year BRP Group, Inc. (NASDAQ:BRP) ("BRP Group"), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial clients, today announced its third annual Directors and Officers (D&O) & Cyber Benchmarking Report. More than 320 public companies participated in this year's survey, conducted in collaboration with Nasdaq, Inc. ("Nasdaq"). Participating companies provided key policy information regarding their D&O and Cyber Liability insurance coverages. One of the key findings reveals that after several years of significant increases in i
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, announced today that it will report its first quarter 2024 financial results after the market closes on Tuesday, May 7, 2024. 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.baldwinri
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The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin" or the "Company") (NASDAQ:BRP), highlighted today that its Class A common stock will begin trading on NASDAQ under the new ticker symbol "BWIN" as of market open on May 20, 2024. This will replace the Company's current ticker symbol "BRP".The new ticker symbol "BWIN" aligns with the Company's rebranding to The Baldwin Group and related name change, previously announced on May 1, 2024.
UBS analyst Weston Bloomer maintains The Baldwin Insurance (NASDAQ:BRP) with a Buy and raises the price target from $35 to $37.
BRP Group (NASDAQ:BRP) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.52 by 7.69 percent. This is a 33.33 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $380.367 million which beat the analyst consensus estimate of $375.774 million by 1.22 percent. This is a 15.11 percent increase over sales of $330.446 million the same period last year.
Insurance Distribution Firm Adopts New Brand to Unify Retail Brokerage Operations Under a Single Brand and to Reflect Firm's Transformation, Growth and Integration
Wells Fargo analyst Elyse Greenspan maintains BRP Group (NASDAQ:BRP) with a Equal-Weight and lowers the price target from $29 to $28.
Keefe, Bruyette & Woods analyst Meyer Shields maintains BRP Group (NASDAQ:BRP) with a Outperform and raises the price target from $33 to $34.
JP Morgan analyst Pablo Singzon upgrades BRP Group (NASDAQ:BRP) from Neutral to Overweight and raises the price target from $27 to $33.
B of A Securities analyst Joshua Shanker maintains BRP Group (NASDAQ:BRP) with a Buy and lowers the price target from $44 to $42.
- Total Revenue Growth of 15% to $380.4 Million; Organic Revenue Growth(1) of 16% - - Net Income of $39.1 Million and Diluted Earnings Per Share of $0.33; Adjusted Diluted EPS(2) Growth of 33% to $0.56 - - Adjusted EBITDA(3) Growth of 29% Year Over Year to $101.7 Million and Adjusted EBITDA Margin(3) of 27%, a 280 Basis Point Expansion Compared to the Prior-Year Period - The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) ("Baldwin" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results f
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, announced today that it will report its first quarter 2024 financial results after the market closes on Tuesday, May 7, 2024. 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.baldwinri
- Fourth Quarter 2023 Total Revenues Grew 16% Year-Over-Year to $284.6 Million - - Full Year 2023 Total Revenues Grew 24% Year-Over-Year to $1.2 Billion - - Fourth Quarter 2023 Organic Revenue Growth(1) of 15% - - Full Year 2023 Organic Revenue Growth of 19% - BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER 2023 HIGHLIGHTS Total revenues increased 16% year-over-year to $284.6 million Organic Revenue Growth of 15% year-over-yea
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, announced today that it will report its fourth quarter 2023 financial results after the market closes on Wednesday, February 28, 2024. 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.
- Third Quarter 2023 Revenue Grew 18% Year-Over-Year to $306.3 Million - - Third Quarter 2023 Organic Revenue Growth(1) of 19% - BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the third quarter ended September 30, 2023. THIRD QUARTER 2023 HIGHLIGHTS Revenue increased 18% year-over-year to $306.3 million Organic Revenue Growth was 19% year-over-year GAAP net loss of $32.0 million and GAAP diluted loss per share of $0.29 Adjusted Net Income(2) of $33.8 million, or $0.29(2) per fully diluted share
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, announced today that it will report its third quarter 2023 financial results after the market closes on Tuesday, November 7, 2023. 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.bald
- Second Quarter 2023 Revenue Grew 28% Year-Over-Year to $297.2 Million - - Second Quarter 2023 Organic Revenue Growth(1) of 22% - BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the second quarter ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS Revenue increased 28% year-over-year to $297.2 million Organic Revenue Growth was 22% year-over-year GAAP net loss of $43.7 million and GAAP diluted loss per share of $0.40 Adjusted Net Income(2) of $32.0 million, or $0.27(2) per fully diluted share
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions, announced today that it will report its second quarter 2023 financial results after the market closes on Wednesday, August 9, 2023. 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 cal
- First Quarter 2023 Revenue Grew 36% Year-Over-Year to $330.4 Million - - First Quarter 2023 Organic Revenue Growth(1) of 23% - BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the first quarter ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTS Revenue increased 36% year-over-year to $330.4 million Organic Revenue Growth was 23% year-over-year GAAP net loss of $25.9 million and GAAP diluted loss per share of $0.24 Adjusted Net Income(2) of $49.2 million, or $0.42(2) per fully diluted share
BRP Group, Inc. ("BRP Group" or the "Company") (NASDAQ:BRP), an independent insurance distribution firm delivering tailored insurance solutions, announced today that it will report its first quarter 2023 financial results after the market closes on Tuesday, May 9, 2023. 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 b
8-K - Baldwin Insurance Group, Inc. (0001781755) (Filer)
8-K - Baldwin Insurance Group, Inc. (0001781755) (Filer)
10-Q - Baldwin Insurance Group, Inc. (0001781755) (Filer)
8-K - Baldwin Insurance Group, Inc. (0001781755) (Filer)
ARS - BRP Group, Inc. (0001781755) (Filer)
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S-8 - BRP Group, Inc. (0001781755) (Filer)
10-K - BRP Group, Inc. (0001781755) (Filer)
8-K - BRP Group, Inc. (0001781755) (Filer)
JP Morgan upgraded BRP Group from Neutral to Overweight and set a new price target of $33.00 from $27.00 previously
Raymond James upgraded BRP Group from Outperform to Strong Buy and set a new price target of $30.00
Wells Fargo downgraded BRP Group from Overweight to Equal Weight and set a new price target of $24.00 from $28.00 previously
William Blair downgraded BRP Group from Outperform to Mkt Perform
JP Morgan downgraded BRP Group from Overweight to Neutral and set a new price target of $30.00 from $31.00 previously
UBS initiated coverage of BRP Group with a rating of Buy and set a new price target of $30.00
BofA Securities upgraded BRP Group from Neutral to Buy and set a new price target of $31.00
Morgan Stanley reiterated coverage of BRP Group with a rating of Equal-Weight and set a new price target of $26.00 from $40.00 previously
Raymond James reiterated coverage of BRP Group with a rating of Outperform and set a new price target of $39.00 from $43.00 previously
JP Morgan reiterated coverage of BRP Group with a rating of Overweight and set a new price target of $35.00 from $42.00 previously