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

Ryan Specialty Holdings Inc. (NYSE:RYAN) has been assigned a consensus rating of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $47.8235.

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Mizuho set a $35.00 target price on shares of Ryan Specialty in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $42.00 target price on shares of Ryan Specialty in a research report on Friday, May 1st. Keefe, Bruyette & Woods decreased their price objective on Ryan Specialty from $49.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Citigroup decreased their price objective on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, May 4th.

Insiders Place Their Bets

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of Ryan Specialty stock in a transaction on Monday, February 23rd. The shares were bought 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 in the company, valued at $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 through the SEC website. 52.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ryan Specialty

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Ryan Specialty by 10.6% during the 1st quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock worth $4,406,000 after buying an additional 5,739 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Ryan Specialty by 25.1% during the 1st quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock worth $367,000 after buying an additional 998 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Ryan Specialty by 46.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock valued at $27,787,000 after purchasing an additional 119,055 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Ryan Specialty by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock valued at $24,586,000 after purchasing an additional 33,667 shares during the period. Finally, Creative Planning lifted its position in Ryan Specialty by 15.4% during the 2nd quarter. Creative Planning now owns 4,586 shares of the company’s stock valued at $312,000 after purchasing an additional 613 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Up 3.1%

RYAN stock opened at $31.21 on Friday. Ryan Specialty has a twelve month low of $29.28 and a twelve month high of $72.50. The company has a market cap of $8.25 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 0.72 and a beta of 0.68. The business’s 50-day simple moving average is $34.71 and its 200 day simple moving average is $45.08. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share 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 the consensus estimate of $781.44 million. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Ryan Specialty will post 2.05 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 12th. Ryan Specialty’s payout ratio is currently 67.53%.

Ryan Specialty Company Profile

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.