A downtrend has been apparent in BRP Group (BRP) lately with too much selling pressure. The stock has declined 12% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...

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 respons ...

TAMPA, Fla.--(BUSINESS WIRE)--BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced executive appointments for the next phase of the firm’s growth. BRP Group’s Chief Operating Officer, Dan Galbraith, and Chief Insurance Innovation Officer, Jim Roche, have been promoted to Co-Presidents of BRP Group with shared firmwide responsibility for BRP’s continued performance ...

BRP Group, Inc. (NASDAQ:BRP) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Bonnie Bishop - Executive Director, IR Trevor Baldwin - CEO Bradford Hale - CFO Chris Wiebeck - Chief Strategy Officer Conference Call Participants Greg Peters - Raymond James Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Josh Shanker - Bank of America Pablo Singzon - JPMorgan Meyer Shields - KBW Operator Greetings and welcome to BRP Group, Inc. Third Quarter 2023 Earnings Call. At this tim ...

Other operating expenses for our Insurance Advisory Solutions Operating Group increased $5.1 million for the first nine months of 2023 as compared to the same period of 2022, driven by higher costs for investment in technology to support our growth and integration activity of $5.9 million and travel and entertainment costs of $3.2 million. These increases were partially offset by lower costs for professional fees and software and internet expenses of $1.2 million each, repairs and maintenance of $0.9 millio ...

BRP Group, Inc. (NASDAQ:BRP) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Bonnie Bishop - Executive Director, IR Trevor Baldwin - CEO Bradford Hale - CFO Conference Call Participants Elyse Greenspan - Wells Fargo Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Greetings. Welcome to BRP Group, Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note, this conference is being recorded. I will ...

____________________________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ BRP GROUP, INC. (Exact name of registrant as specified in its charter) _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, ...

BRP Group, Inc. (NASDAQ:BRP) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Bonnie Bishop - Executive Director, IR Trevor Baldwin - CEO & Director Bradford Hale - CFO Conference Call Participants Meyer Shields - KBW Elyse Greenspan - Wells Fargo Securities Adam Klauber - William Blair & Company Pablo Singzon - JPMorgan Chase & Co. Joshua Shanker - Bank of America Merrill Lynch Weston Bloomer - UBS Operator Greetings, and welcome to the BRP Group, Inc. First Quarter 2023 Earning ...

FORM 10-Q ______________________________ (Mark One) | --- | --- | |-----------------------------------------------------------------------------------------------|--------------------------------------| | | | | the transition period from Commission File Number: ______________________________ | ________ to _________ 001-39095 | | BRP GROUP, (Exact name of registrant as | INC. specified in its charter) | | ______________________________ | | | | | | --- | --- | --- | |---------|---------------------|-------| | ...

Financial Data and Key Metrics Changes - Adjusted EBITDA in 2022 grew 74%, with adjusted net income at $1.03 per share, up 29% year-over-year [3][24] - GAAP net loss for Q4 was $91.5 million, or a loss of $0.84 per fully diluted share, while the full year GAAP net loss was $76.7 million, or $0.74 per fully diluted share [8][24] - Revenue for Q4 increased by 55% to $246 million, and for the full year, revenue grew 73% to over $980 million [23][24] Business Line Data and Key Metrics Changes - Westwood, focused on homeowners, grew revenue over 32% in Q4 and 25% for the full year, despite challenges in the U.S. housing market [4] - The Middle Market segment saw accelerated sales execution and new client wins, contributing to a 17% organic growth rate [48] - MainStreet experienced organic growth of 24% in Q4, driven by a national expansion strategy [19] Market Data and Key Metrics Changes - The company achieved industry-leading organic growth of 23% for the full year, the highest since its IPO [18] - The Medicare segment had a solid annual enrollment period, with results expected to be recognized in Q1 2023 [4] Company Strategy and Development Direction - The company aims to build a top 10 global insurance brokerage and advisory organization, transforming from approximately $140 million in revenue at IPO to over $980 million today [5] - A new operating group structure will be implemented in 2023, combining MainStreet and Medicare into MainStreet Insurance Solutions, and renaming other segments to align with operational strategies [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning despite economic uncertainty and challenges in the insurance marketplace [6] - For 2023, the company expects organic revenue growth at the high end of 10% to 15%, with anticipated revenue of $1.14 billion to $1.17 billion [10] Other Important Information - The company completed remediation of three previously identified material weaknesses related to IT and accounting, marking a significant milestone in its public company journey [9] - Adjusted EBITDA margin for Q4 was 16%, compared to 13% in the prior year, while the full year margin was 20% [24] Q&A Session Summary Question: Is it too early to adjust 2023 guidance given stronger results? - Management indicated it is too early to adjust guidance due to ongoing economic uncertainty [29] Question: What is the outlook for M&A activity? - Management noted that while they are looking for opportunities, they are focused on deleveraging and do not anticipate significant M&A activity in 2023 [30] Question: How are clients responding to economic uncertainty? - Management observed that clients are cautious but not yet experiencing significant softness in operating results [31] Question: Can you provide details on stock-based compensation increase? - The increase was largely due to incentive compensation for key colleagues, reflecting a commitment to performance-based rewards [37][39] Question: What are the expectations for operating cash flow in 2023? - Management expects improved free cash flow in Q2, Q3, and Q4, with a focus on managing working capital and debt paydown [62]