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

Ryan Specialty Holdings Inc. (NYSE:RYAN) has been assigned an average recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $46.7647.

Several research analysts have recently commented on RYAN shares. Citigroup reduced their target price on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Ryan Specialty in a report on Tuesday, May 26th. Barclays reduced their target price on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada began coverage on Ryan Specialty in a report on Tuesday, March 17th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $42.00 price objective on shares of Ryan Specialty in a research report on Friday, May 1st.

Institutional Trading of Ryan Specialty

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in Ryan Specialty in the 3rd quarter worth $28,000. Los Angeles Capital Management LLC bought a new position in Ryan Specialty in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. grew its position in Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 569 shares in the last quarter. Fifth Third Bancorp grew its position 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 purchasing an additional 242 shares in the last quarter. Finally, Quarry LP bought a new position in Ryan Specialty in the third quarter valued at $37,000. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Up 3.9%

Shares of RYAN stock opened at $33.09 on Tuesday. The stock’s 50 day simple moving average is $33.70 and its 200 day simple moving average is $43.23. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. Ryan Specialty has a twelve month low of $29.28 and a twelve month high of $72.50. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 0.77 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business had revenue of $795.23 million for the quarter, compared to analyst estimates of $781.44 million. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, research analysts predict that Ryan Specialty will post 2.04 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 12th. Ryan Specialty’s payout ratio is 67.53%.

Ryan Specialty announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 26th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.