Ryan Specialty (NYSE:RYAN) Posts Earnings Results

Ryan Specialty (NYSE:RYAN) issued its quarterly earnings results on Thursday. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05), FiscalAI reports. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The company had revenue of $751.21 million during the quarter, compared to analyst estimates of $777.43 million. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis.

Here are the key takeaways from Ryan Specialty’s conference call:

• Company delivered resilient growth with its 15th consecutive year of double‑digit organic growth (10.1% for FY2025) and total revenue above $3 billion, underscoring platform strength despite industry headwinds.
• Property pricing deteriorated sharply in Q4 — notably 25%–35% rate declines on some large accounts — and management expects continued property pressure into 2026, a clear near‑term drag on revenue and margins.
• Delegated authority and underwriting businesses have rapidly expanded (delegated revenue doubled to $1.4 billion, now ~47% of total; platform manages north of $10 billion of premium and 300+ products), providing diversification and new growth channels.
• Management launched Project Empower, a three‑year restructuring with an anticipated cumulative special charge of ~$160 million through 2028 and expected annual run‑rate savings of ~$80 million by 2029, trading near‑term costs for multi‑year efficiency gains and AI enablement.
• Board approved a $300 million share repurchase program and an 8% dividend increase, signaling confidence in the company’s outlook while keeping M&A as the top allocation priority.

Ryan Specialty Trading Down 14.8%

NYSE:RYAN traded down $6.58 on Friday, reaching $37.80. The company’s stock had a trading volume of 1,140,807 shares, compared to its average volume of 1,630,833. The firm has a market cap of $9.97 billion, a PE ratio of 83.05, a PEG ratio of 1.09 and a beta of 0.62. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. Ryan Specialty has a 1-year low of $38.24 and a 1-year high of $77.16. The business’s 50-day moving average price is $50.49 and its two-hundred day moving average price is $54.21.

Ryan Specialty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.4%. Ryan Specialty’s payout ratio is 104.35%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RYAN. Mizuho set a $53.00 price target on Ryan Specialty in a research report on Friday. Piper Sandler dropped their target price on shares of Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price objective on Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Weiss Ratings cut shares of Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company dropped their target price on shares of Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Insiders Place Their Bets

In other news, CEO Timothy William Turner sold 129,570 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the completion of the sale, the chief executive officer owned 12,553 shares of the company’s stock, valued at approximately $672,966.33. This represents a 91.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 52.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ryan Specialty

Institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Ryan Specialty in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in Ryan Specialty during the 3rd quarter worth $28,000. Quarry LP acquired a new stake in shares of Ryan Specialty during the third quarter valued at about $37,000. Caitong International Asset Management Co. Ltd boosted its position in Ryan Specialty by 173.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after buying an additional 450 shares during the period. Finally, GW&K Investment Management LLC increased its position in Ryan Specialty by 77.0% in the 4th quarter. GW&K Investment Management LLC now owns 876 shares of the company’s stock valued at $45,000 after acquiring an additional 381 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Key Ryan Specialty News

Here are the key news stories impacting Ryan Specialty this week:

• Positive Sentiment: Management expects ~ $80 million of annual run-rate savings from its Empower restructuring, which could materially relieve margin pressure over the next 12–18 months. Ryan Specialty signals $80M annual savings from Empower restructuring as property pressures persist
• Positive Sentiment: Board approved an 8.3% increase to the quarterly dividend to $0.13 (annual yield ~1.2%), signaling capital return priorities and some confidence in cash flow. Ex‑dividend date Feb 24. Dividend announcement
• Neutral Sentiment: Top-line still growing: Q4 revenue rose 13.2% YoY to $751.2M and organic growth continued, though at a slower pace (organic revenue growth 6.6% vs 11.0% prior year). Ryan Specialty Reports Fourth Quarter 2025 Results
• Neutral Sentiment: Full earnings and management commentary are available — review the Q4 earnings call transcript for details on reserves, pricing environment, and forward strategy. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 EPS of $0.45 missed consensus ($0.50) and revenue of $751.21M missed estimates (~$777M); net income declined ~26.6% YoY — the primary driver of the stock decline. Ryan Specialty misses Q4 earnings and revenue estimates
• Negative Sentiment: Margins are under pressure: the company said it is absorbing investment costs and continues to face property market pressures, reducing near-term profitability. Profit margins slide as Ryan Specialty ‘absorbs’ investment costs
• Negative Sentiment: Market reaction: multiple outlets report the stock fell sharply after the misses and commentary on pricing/reserves, reflecting investor concern about near-term profitability and execution. Ryan Specialty misses Q4 expectations, shares tumble

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.