Brokerages Set Ryan Specialty Holdings Inc. (NYSE:RYAN) Price Target at $75.58

Ryan Specialty Holdings Inc. (NYSE:RYANGet Free Report) has received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $75.58.

Several equities research analysts have commented on the company. The Goldman Sachs Group upgraded Ryan Specialty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $81.00 in a research note on Tuesday, May 13th. TD Cowen initiated coverage on Ryan Specialty in a research note on Thursday, April 10th. They set a “buy” rating and a $89.00 price objective for the company. Wells Fargo & Company lowered their target price on Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. UBS Group boosted their target price on Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Barclays lowered their target price on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, April 11th.

Get Our Latest Analysis on Ryan Specialty

Insider Activity at Ryan Specialty

In related news, EVP Mark Stephen Katz sold 14,377 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the transaction, the executive vice president now directly owns 1,117 shares in the company, valued at approximately $73,543.28. This represents a 92.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David P. Bolger sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the transaction, the director now owns 71,467 shares in the company, valued at $5,059,863.60. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its stake in Ryan Specialty by 43.5% during the first quarter. Voya Investment Management LLC now owns 147,872 shares of the company’s stock worth $10,923,000 after purchasing an additional 44,843 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in Ryan Specialty by 40.0% during the first quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company’s stock worth $517,000 after purchasing an additional 2,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ryan Specialty by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock worth $24,586,000 after purchasing an additional 33,667 shares in the last quarter. Woodline Partners LP acquired a new position in Ryan Specialty during the first quarter worth $40,278,000. Finally, United Services Automobile Association acquired a new position in Ryan Specialty during the first quarter worth $490,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Price Performance

NYSE:RYAN opened at $66.63 on Tuesday. Ryan Specialty has a 12 month low of $53.92 and a 12 month high of $77.16. The stock has a 50 day moving average of $68.75 and a two-hundred day moving average of $68.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.45. The firm has a market cap of $17.49 billion, a P/E ratio of 195.98, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70.

Ryan Specialty (NYSE:RYANGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ryan Specialty had a return on equity of 47.70% and a net margin of 6.97%. The company had revenue of $690.17 million during the quarter, compared to analyst estimates of $680.80 million. During the same period in the previous year, the business earned $0.35 EPS. Ryan Specialty’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts expect that Ryan Specialty 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, May 27th. Investors of record on Tuesday, May 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty’s dividend payout ratio is presently 141.18%.

About Ryan Specialty

(Get Free Report

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

See Also

Analyst Recommendations for Ryan Specialty (NYSE:RYAN)

Receive News & Ratings for Ryan Specialty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryan Specialty and related companies with MarketBeat.com's FREE daily email newsletter.