Barclays Issues Pessimistic Forecast for Ryan Specialty (NYSE:RYAN) Stock Price

Ryan Specialty (NYSE:RYAN) had its price target cut by stock analysts at Barclays from $52.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 24.29% from the company’s previous close.

A number of other research firms have also commented on RYAN. Piper Sandler lowered their price objective on Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. BMO Capital Markets downgraded Ryan Specialty from an “outperform” rating to a “market perform” rating and cut their target price for the company from $66.00 to $43.00 in a research report on Wednesday, February 25th. Mizuho reduced their target price on Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company decreased their price target on Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Finally, Jefferies Financial Group began coverage on shares of Ryan Specialty in a research report on Monday, December 1st. They set a “hold” rating and a $64.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.40.

Ryan Specialty Stock Performance

NYSE RYAN opened at $36.21 on Wednesday. The firm has a 50-day moving average price of $44.96 and a two-hundred day moving average price of $51.35. Ryan Specialty has a 12-month low of $35.84 and a 12-month high of $77.16. The company has a market capitalization of $9.56 billion, a P/E ratio of 86.20, a P/E/G ratio of 0.95 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.62.

Ryan Specialty (NYSE:RYAN) last announced its 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). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The business had revenue of $751.21 million for the quarter, compared to the consensus estimate of $777.43 million. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts anticipate that Ryan Specialty will post 2.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average price of $39.96 per share, with a total value of $1,018,980.00. Following the completion of the purchase, the director owned 428,295 shares in the company, valued at $17,114,668.20. This represents a 6.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 52.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RYAN. Los Angeles Capital Management LLC bought a new stake in Ryan Specialty during the 4th quarter worth $25,000. Advisory Services Network LLC bought a new position in Ryan Specialty in the third quarter valued at about $28,000. SBI Securities Co. Ltd. boosted its stake in shares of Ryan Specialty by 6,322.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 569 shares in the last quarter. MAI Capital Management boosted its stake in shares of Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after purchasing an additional 188 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Ryan Specialty by 65.4% during the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the last quarter. 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.