Ryan Specialty (NYSE:RYAN) Reaches New 1-Year Low – Should You Sell?

Ryan Specialty Holdings Inc. (NYSE:RYAN) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $48.90 and last traded at $50.1650, with a volume of 2274409 shares. The stock had previously closed at $52.19.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RYAN shares. Morgan Stanley set a $61.00 target price on shares of Ryan Specialty in a report on Tuesday, December 16th. BMO Capital Markets dropped their price objective on shares of Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company upped their target price on shares of Ryan Specialty from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group initiated coverage on shares of Ryan Specialty in a report on Monday, December 1st. They issued a “hold” rating and a $64.00 price target for the company. Finally, The Goldman Sachs Group set a $61.00 price objective on Ryan Specialty in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.19.

Ryan Specialty Stock Performance

The stock has a market capitalization of $13.19 billion, a PE ratio of 108.71, a PEG ratio of 1.27 and a beta of 0.63. The business’s 50 day moving average is $53.46 and its 200 day moving average is $56.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The company had revenue of $754.58 million for the quarter, compared to analyst estimates of $742.35 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. Ryan Specialty’s payout ratio is presently 104.35%.

Insiders Place Their Bets

In other news, CEO Timothy William Turner sold 129,570 shares of Ryan Specialty 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 completion of the sale, the chief executive officer directly owned 12,553 shares in the company, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 52.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryan Specialty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAN. Third View Private Wealth LLC bought a new position in Ryan Specialty in the 4th quarter worth about $374,000. James J. Burns & Company LLC bought a new position in Ryan Specialty in the fourth quarter worth approximately $207,000. Signaturefd LLC grew its stake in Ryan Specialty by 31.4% in the fourth quarter. Signaturefd LLC now owns 1,829 shares of the company’s stock worth $94,000 after purchasing an additional 437 shares in the last quarter. Ascent Group LLC increased its holdings in Ryan Specialty by 14.1% during the 4th quarter. Ascent Group LLC now owns 5,094 shares of the company’s stock worth $263,000 after purchasing an additional 628 shares during the period. Finally, Fluent Financial LLC bought a new stake in Ryan Specialty during the 4th quarter valued at $1,434,000. Institutional investors own 84.82% of the company’s stock.

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.