Ryan Specialty (NYSE:RYAN) Sets New 52-Week Low on Analyst Downgrade

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) hit a new 52-week low during mid-day 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 trading hands. The stock had previously closed at $34.59.

Other equities analysts also recently issued research reports about the company. TD Cowen reissued a “buy” rating on shares of Ryan Specialty in a research report on Wednesday, November 26th. Wells Fargo & Company lowered their price target on Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Weiss Ratings cut shares of Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Finally, Zacks Research downgraded shares of Ryan Specialty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.50.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. purchased 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the purchase, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 52.21% of the company’s stock.

Institutional Trading of Ryan Specialty

Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in shares of Ryan Specialty during the fourth quarter valued at $25,000. Advisory Services Network LLC purchased a new position in Ryan Specialty in the 3rd quarter worth about $28,000. SBI Securities Co. Ltd. increased its stake 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 buying an additional 569 shares during the period. MAI Capital Management lifted its holdings in Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after buying an additional 188 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Ryan Specialty by 65.4% in the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock valued at $34,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

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 company has a market capitalization of $8.84 billion, a PE ratio of 79.66, a PEG ratio of 0.87 and a beta of 0.65. The firm’s 50-day simple moving average is $42.06 and its 200-day simple moving average is $49.97.

Ryan Specialty (NYSE:RYAN) last issued 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). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company had revenue of $751.21 million for the quarter, compared to analysts’ expectations of $777.43 million. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, February 24th. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. Ryan Specialty’s dividend payout ratio (DPR) 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.