Brokerages Set Ryan Specialty Holdings, Inc. (NYSE:RYAN) Price Target at $54.25

Ryan Specialty Holdings, Inc. (NYSE:RYAN) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $54.25.

Several equities research analysts have issued reports on RYAN shares. JPMorgan Chase & Co. raised their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research report on Monday, April 15th. Citigroup lifted their price target on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company lifted their price target on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th.

Ryan Specialty Trading Down 0.6 %

Shares of NYSE:RYAN opened at $50.77 on Thursday. Ryan Specialty has a 52-week low of $39.44 and a 52-week high of $56.51. The company has a market capitalization of $13.21 billion, a P/E ratio of 99.55 and a beta of 0.52. The company has a 50-day simple moving average of $51.94 and a 200 day simple moving average of $46.94. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $532.90 million during the quarter, compared to the consensus estimate of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. Ryan Specialty’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. Sell-side analysts forecast that Ryan Specialty will post 1.77 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio (DPR) is 86.28%.

Institutional Trading of Ryan Specialty

A number of hedge funds and other institutional investors have recently modified their holdings of RYAN. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Ryan Specialty during the third quarter worth $58,079,000. Boston Partners bought a new stake in shares of Ryan Specialty during the third quarter worth $50,090,000. Norden Group LLC grew its stake in shares of Ryan Specialty by 2,138.1% during the first quarter. Norden Group LLC now owns 778,848 shares of the company’s stock worth $43,226,000 after buying an additional 744,049 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ryan Specialty by 4.9% during the third quarter. Vanguard Group Inc. now owns 9,198,624 shares of the company’s stock worth $445,213,000 after buying an additional 428,165 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Ryan Specialty during the fourth quarter worth $16,964,000. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Company Profile

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.