Wolfe Research Lowers Ryan Specialty (NYSE:RYAN) to Peer Perform

Wolfe Research cut shares of Ryan Specialty (NYSE:RYAN) from an outperform rating to a peer perform rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports.

Several other analysts also recently commented on RYAN. Wells Fargo & Company upped their price objective on Ryan Specialty from $57.00 to $58.00 and gave the company an overweight rating in a research note on Thursday, April 11th. Citigroup upped their price objective on Ryan Specialty from $49.00 to $52.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. JMP Securities reaffirmed a market perform rating on shares of Ryan Specialty in a research note on Monday, April 15th. Keefe, Bruyette & Woods upped their price objective on Ryan Specialty from $56.00 to $62.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on Ryan Specialty from $47.00 to $49.00 and gave the company an underweight rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Ryan Specialty presently has an average rating of Hold and an average target price of $54.25.

Ryan Specialty Stock Up 0.1 %

Ryan Specialty stock opened at $52.22 on Monday. Ryan Specialty has a fifty-two week low of $39.44 and a fifty-two week high of $56.51. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $13.59 billion, a P/E ratio of 98.53 and a beta of 0.58. The stock has a 50-day simple moving average of $52.75 and a 200-day simple moving average of $47.18.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Ryan Specialty had a return on equity of 46.11% and a net margin of 9.15%. The business had revenue of $552.00 million during the quarter, compared to the consensus estimate of $549.06 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 20.6% on a year-over-year basis. Equities research analysts expect that Ryan Specialty will post 1.77 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, May 13th. Ryan Specialty’s dividend payout ratio (DPR) is 83.02%.

Hedge Funds Weigh In On Ryan Specialty

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Ryan Specialty by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 9,397,569 shares of the company’s stock worth $404,283,000 after acquiring an additional 198,945 shares during the period. Blair William & Co. IL grew its holdings in shares of Ryan Specialty by 4.7% in the 3rd quarter. Blair William & Co. IL now owns 2,650,891 shares of the company’s stock worth $128,303,000 after acquiring an additional 119,822 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Ryan Specialty by 8.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,958,210 shares of the company’s stock worth $84,242,000 after acquiring an additional 158,322 shares during the period. American Century Companies Inc. grew its holdings in shares of Ryan Specialty by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 1,624,944 shares of the company’s stock worth $78,647,000 after acquiring an additional 244,490 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Ryan Specialty by 26.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,512,036 shares of the company’s stock worth $65,048,000 after acquiring an additional 312,066 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

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.