Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives Average Recommendation of “Moderate Buy” from Analysts

Ryan Specialty Holdings, Inc. (NYSE:RYAN) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $75.58.

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upgraded Ryan Specialty from a “neutral” rating to a “buy” rating and upped their target price for the stock from $74.00 to $81.00 in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their target price on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada decreased their target price on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Morgan Stanley upped their target price on Ryan Specialty from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays dropped their target price on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, April 11th.

Ryan Specialty Stock Performance

Shares of RYAN opened at $68.70 on Friday. The stock’s 50-day simple moving average is $70.15 and its 200 day simple moving average is $68.79. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 99.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty has a 52-week low of $52.34 and a 52-week high of $77.16.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $690.17 million for the quarter, compared to analyst estimates of $680.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Research analysts forecast that Ryan Specialty will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. Ryan Specialty’s dividend payout ratio is currently 141.18%.

Insider Activity at Ryan Specialty

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryan Specialty

A number of large investors have recently made changes to their positions in RYAN. Barclays PLC grew its position in shares of Ryan Specialty by 1.1% in the 3rd quarter. Barclays PLC now owns 1,641,743 shares of the company’s stock worth $108,994,000 after buying an additional 17,267 shares during the last quarter. UMB Bank n.a. grew its position in shares of Ryan Specialty by 5.7% in the 4th quarter. UMB Bank n.a. now owns 5,522 shares of the company’s stock worth $354,000 after buying an additional 298 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Ryan Specialty by 94.2% in the 4th quarter. SG Americas Securities LLC now owns 3,253 shares of the company’s stock worth $209,000 after buying an additional 1,578 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Ryan Specialty by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,825 shares of the company’s stock worth $1,144,000 after buying an additional 831 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Ryan Specialty by 2,113.3% in the 4th quarter. Avior Wealth Management LLC now owns 3,497 shares of the company’s stock worth $224,000 after buying an additional 3,339 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.