Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives $66.60 Consensus Price Target from Brokerages

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have been given an average rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $66.25.

A number of analysts have recently issued reports on RYAN shares. TD Cowen dropped their price target on shares of Ryan Specialty from $89.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Cowen restated a “buy” rating on shares of Ryan Specialty in a report on Wednesday, November 26th. Mizuho set a $61.00 target price on shares of Ryan Specialty and gave the stock a “neutral” rating in a research report on Monday. The Goldman Sachs Group decreased their target price on shares of Ryan Specialty from $71.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Jefferies Financial Group started coverage on Ryan Specialty in a report on Monday, December 1st. They set a “hold” rating and a $64.00 price target on the stock.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the completion of the sale, the chief executive officer directly owned 12,553 shares in the company, valued at $672,966.33. The trade was a 91.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 52.21% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

Institutional investors and hedge funds have recently made changes to their positions in the business. SVB Wealth LLC purchased a new stake in Ryan Specialty during the first quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new position in shares of Ryan Specialty during the 3rd quarter worth $28,000. Golden State Wealth Management LLC grew its position in shares of Ryan Specialty by 10,975.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after acquiring an additional 439 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Ryan Specialty during the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC purchased a new stake in shares of Ryan Specialty in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Down 0.0%

Ryan Specialty stock opened at $54.21 on Tuesday. Ryan Specialty has a 12 month low of $50.08 and a 12 month high of $77.16. The stock has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $59.14. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 117.85, a PEG ratio of 1.52 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The company had revenue of $754.58 million for the quarter, compared to analysts’ expectations of $742.35 million. During the same period last year, the firm posted $0.41 earnings per share. Ryan Specialty’s revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that Ryan Specialty will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Ryan Specialty’s dividend payout ratio is currently 104.35%.

About Ryan Specialty

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.