Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives $55.69 Average PT from Analysts

Ryan Specialty Holdings Inc. (NYSE:RYAN) has been assigned a consensus recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $55.6875.

Several analysts have recently weighed in on RYAN shares. Jefferies Financial Group assumed coverage on shares of Ryan Specialty in a research note on Monday, December 1st. They issued a “hold” rating and a $64.00 price objective for the company. Cantor Fitzgerald cut their target price on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. UBS Group reduced their price target on shares of Ryan Specialty from $71.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company decreased their price target on shares of Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Finally, Piper Sandler dropped their price objective on shares of Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, February 13th.

Insider Transactions at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of Ryan Specialty stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $39.96 per share, with a total value of $1,018,980.00. Following the completion of the purchase, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.21% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

A number of large investors have recently modified their holdings of RYAN. Los Angeles Capital Management LLC bought a new stake in Ryan Specialty during the 4th quarter valued at $25,000. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the third quarter valued at $28,000. SBI Securities Co. Ltd. lifted its stake in shares of Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after buying an additional 569 shares in the last quarter. MAI Capital Management grew its holdings in shares of Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after buying an additional 188 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Ryan Specialty by 65.4% during the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after acquiring an additional 242 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Stock Down 0.1%

Shares of NYSE:RYAN opened at $34.72 on Thursday. Ryan Specialty has a 1 year low of $33.94 and a 1 year high of $77.16. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $43.06 and its 200-day moving average is $50.41. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 82.66, a P/E/G ratio of 0.91 and a beta of 0.65.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The business had revenue of $751.21 million during the quarter, compared to the consensus estimate of $777.43 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts predict that Ryan Specialty will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a dividend of $0.13 per share. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. Ryan Specialty’s dividend payout ratio (DPR) is currently 123.81%.

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.