Ryan Specialty (NYSE:RYAN) Sets New 12-Month Low After Analyst Downgrade

Ryan Specialty Holdings Inc. (NYSE:RYAN)’s stock price hit a new 52-week low during trading on Tuesday after Citigroup lowered their price target on the stock from $60.00 to $55.00. Citigroup currently has a buy rating on the stock. Ryan Specialty traded as low as $33.89 and last traded at $34.0850, with a volume of 99471 shares traded. The stock had previously closed at $34.59.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group set a $61.00 target price on Ryan Specialty in a research report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price target on Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods cut their price target on Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Zacks Research downgraded Ryan Specialty from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Mizuho lowered their price objective on shares of Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. 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 given a Sell rating to the stock. According to MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and a consensus price target of $54.50.

Insider Activity

In related news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the stock in a transaction dated Monday, February 23rd. The stock was acquired at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the completion of the purchase, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. This represents a 6.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 52.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAN. Los Angeles Capital Management LLC acquired a new position in shares of Ryan Specialty in the 4th quarter valued at about $25,000. Advisory Services Network LLC purchased a new stake in Ryan Specialty in the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its position in Ryan Specialty by 6,322.2% in 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 in the last quarter. MAI Capital Management grew its stake in shares of Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after purchasing an additional 188 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $8.86 billion, a PE ratio of 79.83, a price-to-earnings-growth ratio of 0.90 and a beta of 0.65. The firm’s fifty day moving average price is $42.39 and its two-hundred day moving average price is $50.09.

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

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a $0.13 dividend. 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. Ryan Specialty’s payout ratio is presently 123.81%.

Ryan Specialty Company Profile

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.