BRP Group & Conifer Holdings (NASDAQ) See Intraday Movement in Insurance Stock Market
November 11, 2023
🌥️Trending News
BRP ($NASDAQ:BRP) Group and Conifer Holdings, both listed on the NASDAQ, saw their stocks move in Thursday’s intraday session. BRP Group is an insurance brokerage and consulting firm that provides property and casualty, employee benefits, and retirement services to corporations, government entities, and individuals. The company is based in Florida but operates nationally and internationally. In addition to its insurance brokerage and consulting services, BRP Group also provides risk management and claims services. Conifer Holdings (NASDAQ: CNFR) is a publicly traded reinsurance and insurance holding company whose subsidiaries provide life, health, property and casualty reinsurance and insurance products. The company is headquartered in Plano, Texas and operates through its subsidiaries in the U.S., Europe and Asia.
Conifer Holdings focuses on providing innovative solutions to complicated insurance and reinsurance problems. Both BRP Group and Conifer Holdings saw a spike in their stock prices as investors reacted to the news of the intraday movement. While it is unclear what caused the intraday movement, analysts believe that it could be due to increased investor interest in the insurance sector. As investors continue to keep an eye on both BRP Group and Conifer Holdings, it will be interesting to see if the stocks continue to move in the intraday session.
Share Price
BRP Group stock opened at $19.7 and closed at $19.8, up by 0.6% from its last closing price of 19.7. Both BRP Group and Conifer Holdings are major players in the insurance industry, offering commodities and services related to the sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brp Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.13k | -111.31 | -4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brp Group. More…
| Operations | Investing | Financing |
| 37.61 | -35.06 | -73.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brp Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.47k | 2.37k | 9.39 |
Key Ratios Snapshot
Some of the financial key ratios for Brp Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 84.5% | -40.6% | -9.1% |
| FCF Margin | ROE | ROA |
| 1.4% | -10.7% | -1.9% |
Analysis
As GoodWhale, our team has been analyzing BRP GROUP‘s fundamentals to generate a report. According to our Star Chart, BRP GROUP is classified as a ‘cheetah’, a type of company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors looking for rapid growth and higher returns, but may also be more prone to risk. In terms of BRP GROUP’s health, we give them an intermediate score of 6/10. This suggests that the company has a healthy cash flow and debt, and might be able to safely ride out any financial crisis without the risk of bankruptcy. However, in terms of other indicators such as asset, dividend, and profitability, BRP GROUP may not be as strong. Our analysis concludes that the company is strong in growth, but weak in other areas. More…
Peers
The Company, through its subsidiaries, is engaged in the business of insurance brokerage and consulting. It offers a range of insurance products and services, including property and casualty, life and health, and employee benefits, to its clients in the United States, Bermuda, and the United Kingdom. The Company’s competitors include Tian Ruixiang Holdings Ltd, China United Insurance Service Inc, and Transilvania Broker De Asigurare.
– Tian Ruixiang Holdings Ltd ($NASDAQ:TIRX)
Tian Ruixiang Holdings Ltd is a Chinese holding company. It has a market cap of 8.29M as of 2022 and a return on equity of -8.76%. The company operates in the financial services industry in China. It offers a range of services, including banking, insurance, asset management, and other financial services. The company was founded in 2004 and is headquartered in Beijing, China.
– China United Insurance Service Inc ($OTCPK:CUII)
The company’s market cap is $54.82 million and its ROE is 29.69%. The company provides insurance services in China.
Summary
BRP Group is a publicly traded insurance holding company focused on the middle market in the United States. It provides property and casualty, workers’ compensation, and other specialty insurance products and services. The stock price of BRP Group has been on an uptrend this Thursday’s intraday session. Analysts believe that BRP Group has a great potential for capital appreciation as the company has a strong financial standing with higher than industry average profitability and returns.
Moreover, BRP Group is expanding its product offerings by entering new markets and partnerships, which adds to its value. Investors are optimistic about BRP Group’s potential and are looking forward to further growth prospects for the company.
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