Long Position on BRP @ $36.60 on 11/2/2021 (Momentum)

BRP Group, Inc. (BRP) 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 compqny announced that it will be reporting earnings after market close on November 8, 2021. Shares are heading higher in a trading channel. Presently they are the lower boundary of the channel, having rebounded from their 50-day moving average. Higher share prices are expected.

Entry Point: $36.60

Stop Loss: $34.25

Trading Range: $22.79 to $40.82

Target Price: $40.25

Updates

11/9/2021 9:49:59 AM

closed at $41

Position closed on 11/9/2021 at price of $41.00 with a 12.02% gain in 7 days.

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