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

Ryan Specialty Holdings Inc. (NYSE:RYAN) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $47.1176.

RYAN has been the subject of several analyst reports. Piper Sandler dropped their target price on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. UBS Group raised their target price on Ryan Specialty from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada initiated coverage on Ryan Specialty in a research note on Tuesday, March 17th. They set an “outperform” rating and a $45.00 target price for the company. Cantor Fitzgerald cut their price objective on Ryan Specialty from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ryan Specialty in a research report on Monday, May 4th.

Ryan Specialty Trading Up 7.8%

RYAN stock opened at $38.76 on Friday. Ryan Specialty has a 12-month low of $29.28 and a 12-month high of $69.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90. The business’s 50-day moving average is $33.76 and its 200 day moving average is $40.30. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 50.33, a PEG ratio of 0.86 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The company had revenue of $795.23 million for the quarter, compared to analysts’ expectations of $781.44 million. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts anticipate that Ryan Specialty will post 2.06 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. Ryan Specialty’s payout ratio is presently 67.53%.

Ryan Specialty announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 26th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Ryan Specialty

In other news, Chairman Patrick G. Ryan bought 120,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $32.50 per share, with a total value of $3,900,000.00. Following the completion of the transaction, the chairman directly owned 13,817,859 shares in the company, valued at $449,080,417.50. This trade represents a 0.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. bought 7,500 shares of Ryan Specialty stock in a transaction on Wednesday, June 10th. The shares were acquired at an average price of $35.16 per share, for a total transaction of $263,700.00. Following the completion of the acquisition, the director owned 117,933 shares in the company, valued at $4,146,524.28. This represents a 6.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 130,715 shares of company stock valued at $4,263,590 over the last quarter. 52.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Ryan Specialty by 54.9% in the first quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares in the last quarter. Bank of America Corp DE grew its stake in Ryan Specialty by 34.8% during the 1st quarter. Bank of America Corp DE now owns 1,508,083 shares of the company’s stock worth $50,883,000 after buying an additional 389,505 shares during the last quarter. California State Teachers Retirement System grew its stake in Ryan Specialty by 27.2% during the 1st quarter. California State Teachers Retirement System now owns 131,356 shares of the company’s stock worth $4,432,000 after buying an additional 28,095 shares during the last quarter. Royal Bank of Canada increased its position in Ryan Specialty by 42.6% in the 1st quarter. Royal Bank of Canada now owns 87,248 shares of the company’s stock valued at $2,944,000 after acquiring an additional 26,047 shares during the period. Finally, Quantinno Capital Management LP increased its position in Ryan Specialty by 290.0% in the 1st quarter. Quantinno Capital Management LP now owns 247,767 shares of the company’s stock valued at $8,360,000 after acquiring an additional 184,238 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

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.