Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives Average Rating of “Hold” from Brokerages

Ryan Specialty Holdings Inc. (NYSE:RYAN) has earned an average rating of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $55.6875.

Several research analysts have recently issued reports on the company. UBS Group reduced their price target on Ryan Specialty from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods dropped their price objective on Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 13th. TD Cowen reissued a “buy” rating on shares of Ryan Specialty in a research note on Wednesday, November 26th. Jefferies Financial Group began coverage on Ryan Specialty in a report on Monday, December 1st. They set a “hold” rating and a $64.00 target price on the stock. Finally, BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $66.00 to $43.00 in a research report on Wednesday, February 25th.

Insider Transactions at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the stock in a transaction 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 purchase, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 52.21% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in shares of Ryan Specialty in the 4th quarter valued at $25,000. Advisory Services Network LLC acquired a new stake in Ryan Specialty during the 3rd quarter worth $28,000. SBI Securities Co. Ltd. lifted its holdings in Ryan Specialty by 6,322.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 569 shares in the last quarter. MAI Capital Management lifted its holdings in Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after acquiring an additional 188 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Ryan Specialty by 65.4% in the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock valued at $34,000 after acquiring an additional 242 shares during the period. 84.82% of the stock is owned by institutional investors.

Ryan Specialty Trading Down 2.6%

Shares of NYSE RYAN opened at $35.06 on Thursday. Ryan Specialty has a fifty-two week low of $33.94 and a fifty-two week high of $77.16. The firm has a market capitalization of $9.26 billion, a P/E ratio of 83.48, a P/E/G ratio of 0.94 and a beta of 0.65. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day simple moving average is $43.69 and its 200 day simple moving average is $50.71.

Ryan Specialty (NYSE:RYAN) last released its earnings results 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 for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.Ryan Specialty’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. On average, analysts predict that Ryan Specialty will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

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

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.