Ryan Specialty’s (RYAN) “Market Perform” Rating Reaffirmed at JMP Securities

JMP Securities reissued their market perform rating on shares of Ryan Specialty (NYSE:RYAN) in a report published on Monday, Benzinga reports.

Several other brokerages have also commented on RYAN. Keefe, Bruyette & Woods upped their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an underweight rating in a report on Monday, April 8th. Citigroup upped their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an overweight rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $54.25.

Ryan Specialty Trading Down 0.8 %

NYSE:RYAN opened at $49.53 on Monday. The company has a fifty day moving average of $50.96 and a 200 day moving average of $46.81. Ryan Specialty has a 52 week low of $39.44 and a 52 week high of $56.51. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $12.89 billion, a P/E ratio of 97.12 and a beta of 0.52.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The company had revenue of $532.90 million during the quarter, compared to analyst estimates of $524.08 million. During the same period in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. On average, research analysts predict that Ryan Specialty will post 1.77 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently declared a None dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a $0.34 dividend. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s payout ratio is 86.28%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Morgan Stanley grew its position in Ryan Specialty by 515.7% during the 4th quarter. Morgan Stanley now owns 2,467,647 shares of the company’s stock valued at $102,432,000 after purchasing an additional 2,066,855 shares during the last quarter. Vanguard Group Inc. grew its position in Ryan Specialty by 42.3% during the 1st quarter. Vanguard Group Inc. now owns 6,747,855 shares of the company’s stock valued at $261,749,000 after purchasing an additional 2,006,018 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Ryan Specialty during the 3rd quarter valued at about $58,079,000. Boston Partners purchased a new stake in Ryan Specialty during the 3rd quarter valued at about $50,090,000. Finally, State Street Corp grew its position in Ryan Specialty by 173.6% during the 2nd quarter. State Street Corp now owns 1,216,310 shares of the company’s stock valued at $47,667,000 after purchasing an additional 771,733 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.