Ryan Specialty (NYSE:RYAN) Given New $49.00 Price Target at Keefe, Bruyette & Woods

Ryan Specialty (NYSE:RYAN) had its target price reduced by Keefe, Bruyette & Woods from $55.00 to $49.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also weighed in on RYAN. Barclays dropped their price target on Ryan Specialty from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings lowered Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Citigroup dropped their price objective on shares of Ryan Specialty from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Morgan Stanley dropped their price objective on shares of Ryan Specialty from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Ryan Specialty in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ryan Specialty presently has a consensus rating of “Hold” and an average target price of $53.81.

Ryan Specialty Trading Down 1.7%

Shares of RYAN opened at $33.58 on Tuesday. The firm’s 50-day moving average price is $38.98 and its 200-day moving average price is $48.73. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 79.94, a PEG ratio of 0.88 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. Ryan Specialty has a 1-year low of $31.50 and a 1-year high of $75.26.

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 the consensus estimate of $0.50 by ($0.05). Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The firm had revenue of $751.21 million for the quarter, compared to the consensus estimate of $777.43 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that Ryan Specialty will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

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

Insider Buying and Selling

In related news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the completion of the acquisition, the director owned 428,295 shares of the company’s stock, valued at $17,114,668.20. The trade was a 6.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 52.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of Ryan Specialty in the fourth quarter worth approximately $25,000. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the third quarter worth approximately $28,000. SBI Securities Co. Ltd. lifted its stake 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 worth $30,000 after buying an additional 569 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Ryan Specialty by 65.4% in the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after buying an additional 242 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake 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 worth $35,000 after buying an additional 273 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

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.