5 Undervalued Insurance Stocks To Buy Now

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1. BRP Group, Inc. (NASDAQ:BRP)

Share Price Upside: 57%

BRP Group, Inc. (NASDAQ:BRP) is a small insurance company that provides services to businesses, individuals, and governments. The firm’s investors were in for some bad news in November 2023, as Wells Fargo downgraded the shares to Equal Weight from Overweight and cut the share price target to $24 from $28.

During Q2 2023, 11 out of the 910 hedge funds profiled by Insider Monkey had invested in the firm. BRP Group, Inc. (NASDAQ:BRP)’s biggest hedge fund shareholder is Constantine Mamakos’s Venator Management LLC due to its $30 million investment.

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