Stock Analysis

Trade Alert: The Independent Director Of BRP Group, Inc. (NASDAQ:BRP), Jay Cohen, Has Just Spent US$85k Buying 344% More Shares

NasdaqGS:BWIN
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Even if it's not a huge purchase, we think it was good to see that Jay Cohen, the Independent Director of BRP Group, Inc. (NASDAQ:BRP) recently shelled out US$85k to buy stock, at US$30.50 per share. While that isn't the hugest buy, it actually boosted their shareholding by 344%, which is good to see.

View our latest analysis for BRP Group

The Last 12 Months Of Insider Transactions At BRP Group

Notably, that recent purchase by Jay Cohen is the biggest insider purchase of BRP Group shares that we've seen in the last year. That implies that an insider found the current price of US$32.93 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for BRP Group share holders is that an insider was buying at near the current price. Jay Cohen was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NasdaqGS:BRP Insider Trading Volume September 23rd 2021

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does BRP Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that BRP Group insiders own 3.1% of the company, worth about US$114m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At BRP Group Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about BRP Group. That's what I like to see! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for BRP Group that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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