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

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $64.1875.

Several research analysts have recently commented on RYAN shares. Cantor Fitzgerald cut their price objective on Ryan Specialty from $63.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Wells Fargo & Company lifted their target price on shares of Ryan Specialty from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ryan Specialty in a report on Thursday, January 22nd. The Goldman Sachs Group set a $61.00 price objective on shares of Ryan Specialty in a report on Wednesday, January 7th. Finally, Barclays cut their target price on shares of Ryan Specialty from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th.

Ryan Specialty Stock Performance

NYSE RYAN opened at $46.51 on Wednesday. The company’s 50 day simple moving average is $53.12 and its two-hundred day simple moving average is $55.68. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.00. Ryan Specialty has a 1 year low of $46.18 and a 1 year high of $77.16. The stock has a market capitalization of $12.27 billion, a PE ratio of 101.12, a P/E/G ratio of 1.27 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, October 30th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The business had revenue of $754.58 million during the quarter, compared to analysts’ expectations of $742.35 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. Analysts predict that Ryan Specialty will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Ryan Specialty’s dividend payout ratio is 104.35%.

Insider Buying and Selling at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the completion of the sale, the chief executive officer owned 12,553 shares in the company, valued at $672,966.33. The trade was a 91.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 52.21% of the company’s stock.

Institutional Investors Weigh In On Ryan Specialty

Several institutional investors have recently bought and sold shares of RYAN. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the third quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its position in Ryan Specialty by 10,975.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after buying an additional 439 shares during the period. MAI Capital Management grew its holdings in Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after acquiring an additional 188 shares during the last quarter. Fifth Third Bancorp grew its holdings in Ryan Specialty by 65.4% in the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after acquiring an additional 242 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Ryan Specialty by 83.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock valued at $35,000 after acquiring an additional 273 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.