Ryan Specialty Holdings Inc. (NYSE:RYAN) Given Average Rating of “Hold” by Brokerages

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have been assigned a consensus rating of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $55.6875.

A number of analysts have recently weighed in on RYAN shares. BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $66.00 to $43.00 in a research note on Wednesday, February 25th. The Goldman Sachs Group set a $61.00 price target on shares of Ryan Specialty in a research report on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of Ryan Specialty in a research report on Wednesday, November 26th. Cantor Fitzgerald dropped their target price on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th.

Insider Transactions at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of Ryan Specialty 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 acquisition, the director owned 428,295 shares in the company, valued at $17,114,668.20. This represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 52.21% of the company’s stock.

Institutional Investors Weigh In On Ryan Specialty

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in Ryan Specialty in the fourth quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in Ryan Specialty in the third quarter worth about $28,000. SBI Securities Co. Ltd. raised its holdings in Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 569 shares during the last quarter. MAI Capital Management lifted its position in Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after purchasing an additional 188 shares during the period. Finally, Fifth Third Bancorp lifted its position in Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock valued at $34,000 after purchasing an additional 242 shares during the period. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Down 2.6%

Shares of RYAN opened at $35.06 on Thursday. The company has a market capitalization of $9.26 billion, a P/E ratio of 83.48, a PEG ratio of 0.94 and a beta of 0.65. Ryan Specialty has a one year low of $33.94 and a one year high of $77.16. The business’s 50 day simple moving average is $43.69 and its 200-day simple moving average is $50.71. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98.

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

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a $0.13 dividend. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 24th. This represents a $0.52 annualized dividend and a yield of 1.5%. Ryan Specialty’s dividend payout ratio is presently 123.81%.

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.