Ryan Specialty Holdings Inc. (RYAN) – What Are Investment Firms Thinking About This Stock?

Ryan Specialty Holdings Inc. (NYSE:RYAN) has received an average rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $52.15.

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Ryan Specialty from $48.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Piper Sandler dropped their target price on Ryan Specialty from $48.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings raised Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. UBS Group decreased their price target on Ryan Specialty from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Monday. Finally, Cantor Fitzgerald raised their price target on Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RYAN. Fifth Third Bancorp increased its stake in shares of Ryan Specialty by 8.8% in the third quarter. Fifth Third Bancorp now owns 28,944 shares of the company’s stock worth $1,071,000 after acquiring an additional 2,341 shares during the period. Maryland State Retirement & Pension System acquired a new position in Ryan Specialty during the third quarter valued at $238,000. Jacobi Capital Management LLC acquired a new position in Ryan Specialty during the third quarter valued at $42,000. Jefferies Financial Group Inc. acquired a new position in Ryan Specialty during the third quarter valued at $751,000. Finally, Fulcrum Asset Management LLP boosted its holdings in Ryan Specialty by 3,540.4% in the third quarter. Fulcrum Asset Management LLP now owns 3,786 shares of the company’s stock valued at $143,000 after purchasing an additional 3,682 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of RYAN opened at $48.20 on Friday. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 59.50, a price-to-earnings-growth ratio of 1.00 and a beta of 0.54. Ryan Specialty has a twelve month low of $29.28 and a twelve month high of $58.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 4.03. The company has a 50 day moving average of $40.66 and a two-hundred day moving average of $39.09.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $789.96 million for the quarter, compared to analyst estimates of $792.99 million. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, analysts predict that Ryan Specialty will post 2.18 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Ryan Specialty’s dividend payout ratio (DPR) is 64.20%.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.