Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives Average Recommendation of “Moderate Buy” from Analysts

Ryan Specialty Holdings Inc. (NYSE:RYAN) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $65.8750.

A number of brokerages recently issued reports on RYAN. TD Cowen cut their price objective on Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Piper Sandler initiated coverage on Ryan Specialty in a report on Thursday, November 20th. They set a “neutral” rating and a $60.00 price objective for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Ryan Specialty in a report on Wednesday, October 8th. Jefferies Financial Group began coverage on Ryan Specialty in a research note on Monday, December 1st. They set a “hold” rating and a $64.00 target price for the company. Finally, The Goldman Sachs Group dropped their price target on Ryan Specialty from $71.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, October 31st.

Ryan Specialty Price Performance

Shares of RYAN opened at $50.56 on Friday. Ryan Specialty has a fifty-two week low of $50.08 and a fifty-two week high of $77.16. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $13.34 billion, a PE ratio of 109.91, a PEG ratio of 1.21 and a beta of 0.63. The company has a 50 day moving average price of $54.68 and a 200-day moving average price of $57.72.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The business had revenue of $754.58 million during the quarter, compared to analysts’ expectations of $742.35 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that Ryan Specialty will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were given a $0.12 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 0.9%. Ryan Specialty’s dividend payout ratio is 104.35%.

Insider Activity at Ryan Specialty

In other news, CEO Timothy William Turner sold 129,570 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the transaction, the chief executive officer directly owned 12,553 shares of the company’s stock, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.21% of the company’s stock.

Institutional Trading of Ryan Specialty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Ryan Specialty by 21.1% in the 3rd quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock worth $247,576,000 after buying an additional 765,428 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in Ryan Specialty by 23.7% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 3,974,869 shares of the company’s stock worth $217,745,000 after purchasing an additional 762,638 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Ryan Specialty by 76.9% during the third quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock worth $172,800,000 after buying an additional 1,332,773 shares during the period. Blair William & Co. IL boosted its stake in shares of Ryan Specialty by 1.1% during the 2nd quarter. Blair William & Co. IL now owns 2,814,195 shares of the company’s stock worth $191,337,000 after acquiring an additional 29,279 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Ryan Specialty by 3.9% during the second quarter. Geode Capital Management LLC now owns 2,018,275 shares of the company’s stock worth $137,244,000 after purchasing an additional 75,598 shares during the period. 84.82% of the stock is currently owned by institutional investors.

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.