Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock Has Consensus Price Target of $52.97 According to Brokerages

Ryan Specialty Holdings Inc. (NYSE:RYAN) has received an average rating of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $52.32.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. The Goldman Sachs Group increased their target price on shares of Ryan Specialty from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. UBS Group raised their target price on shares of Ryan Specialty from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Piper Sandler lowered their target price on shares of Ryan Specialty from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Finally, Cantor Fitzgerald lifted their price target on shares of Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock opened at $37.01 on Monday. The company has a market capitalization of $9.47 billion, a PE ratio of 51.40, a P/E/G ratio of 0.74 and a beta of 0.61. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day simple moving average of $40.79 and a two-hundred day simple moving average of $37.66. Ryan Specialty has a one year low of $29.28 and a one year high of $58.94.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The business had revenue of $916.65 million during the quarter, compared to analyst estimates of $873.93 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts expect that Ryan Specialty will post 2.17 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. Ryan Specialty’s dividend payout ratio is presently 72.22%.

Institutional Trading of Ryan Specialty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Guardian Point Capital LP increased its position in Ryan Specialty by 15.0% during the 1st quarter. Guardian Point Capital LP now owns 575,000 shares of the company’s stock valued at $19,400,000 after buying an additional 75,000 shares in the last quarter. Bank of America Corp DE raised its stake in Ryan Specialty by 34.8% in the first quarter. Bank of America Corp DE now owns 1,508,083 shares of the company’s stock valued at $50,883,000 after buying an additional 389,505 shares during the last quarter. Vulcan Value Partners LLC raised its stake in Ryan Specialty by 20.0% in the second quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock valued at $298,782,000 after buying an additional 1,317,334 shares during the last quarter. Entropy Technologies LP purchased a new stake in Ryan Specialty in the first quarter valued at about $2,189,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Ryan Specialty by 79.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after acquiring an additional 3,353,926 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.