Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives Consensus Rating of “Moderate Buy” from Analysts

Ryan Specialty Holdings Inc. (NYSE:RYAN) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $59.40.

Several equities analysts have recently commented on the stock. Morgan Stanley set a $61.00 price target on shares of Ryan Specialty in a report on Tuesday, December 16th. Barclays reduced their price objective on Ryan Specialty from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Keefe, Bruyette & Woods dropped their target price on Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Mizuho set a $53.00 price target on Ryan Specialty in a report on Friday, February 13th. Finally, The Goldman Sachs Group set a $61.00 price target on Ryan Specialty in a research note on Wednesday, January 7th.

Ryan Specialty Trading Up 0.1%

NYSE:RYAN opened at $41.36 on Friday. The stock has a market cap of $10.91 billion, a PE ratio of 98.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. Ryan Specialty has a fifty-two week low of $37.29 and a fifty-two week high of $77.16. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 1.00. The stock’s 50-day moving average is $48.85 and its two-hundred day moving average is $53.32.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The company had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, equities research analysts forecast that Ryan Specialty will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.13 per share. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, February 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. Ryan Specialty’s dividend payout ratio (DPR) is currently 123.81%.

Insider Buying and Selling at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of Ryan Specialty stock in a transaction on Friday, December 12th. The shares were 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 of the company’s stock, valued at approximately $672,966.33. The trade was a 91.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 52.21% of the company’s stock.

Institutional Investors Weigh In On Ryan Specialty

A number of hedge funds have recently bought and sold shares of RYAN. Los Angeles Capital Management LLC bought a new position in shares of Ryan Specialty in the fourth quarter worth about $25,000. Advisory Services Network LLC bought a new position in Ryan Specialty in the 3rd quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its holdings in shares of Ryan Specialty by 10,975.0% during the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after buying an additional 439 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 569 shares during the period. Finally, MAI Capital Management boosted its position in shares of Ryan Specialty by 65.3% in the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after acquiring an additional 188 shares during the period. 84.82% of the stock is currently owned by institutional investors.

About Ryan Specialty

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.