BRP Group (BRP) Gets a Buy Rating from Wells Fargo

Wells Fargo analyst Elyse Greenspan maintained a Buy rating on BRP Group (BRPResearch Report) yesterday and set a price target of $19.00. The company’s shares closed last Monday at $16.80.

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 6.0% and a 67.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.

Currently, the analyst consensus on BRP Group is a Moderate Buy with an average price target of $19.40, which is a 12.1% upside from current levels. In a report issued on November 18, KBW also initiated coverage with a Buy rating on the stock with a $22.00 price target.

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Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BRP Group, Inc. provides insurance services. It operates through the following 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.