Ryan Specialty Holdings Inc. (NYSE:RYAN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have been given a consensus recommendation of “Hold” by the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $50.4375.

A number of brokerages have recently weighed in on RYAN. Mizuho lowered their price target on Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. lowered their price target on Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Thursday. BMO Capital Markets downgraded Ryan Specialty from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $66.00 to $43.00 in a report on Wednesday, February 25th. Wells Fargo & Company lowered their price target on Ryan Specialty from $56.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada began coverage on Ryan Specialty in a report on Tuesday, March 17th. They set an “outperform” rating and a $45.00 price target on the stock.

Ryan Specialty Stock Down 0.3%

Shares of Ryan Specialty stock opened at $34.46 on Monday. The stock’s fifty day moving average is $38.21 and its 200-day moving average is $48.31. The firm has a market capitalization of $9.10 billion, a PE ratio of 82.05, a price-to-earnings-growth ratio of 0.92 and a beta of 0.71. 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 has a 12-month low of $31.50 and a 12-month high of $75.26.

Ryan Specialty (NYSE:RYAN) last issued 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 analysts’ expectations of $777.43 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts anticipate that Ryan Specialty will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

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

Insider Transactions at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of Ryan Specialty stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average price of $39.96 per share, with a total value of $1,018,980.00. Following the completion of the transaction, the director owned 428,295 shares in the company, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 52.03% of the company’s stock.

Institutional Trading of Ryan Specialty

A number of institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in Ryan Specialty by 0.9% during the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock valued at $1,190,000 after purchasing an additional 185 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in Ryan Specialty by 5.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $203,000 after purchasing an additional 192 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Ryan Specialty by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock valued at $1,848,000 after purchasing an additional 203 shares during the last quarter. Covestor Ltd boosted its position in Ryan Specialty by 16.8% during the fourth quarter. Covestor Ltd now owns 1,467 shares of the company’s stock valued at $76,000 after purchasing an additional 211 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in Ryan Specialty by 1.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,355 shares of the company’s stock valued at $1,309,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds 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.