Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives Average Recommendation of “Hold” from Analysts

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYANGet Free Report) have earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $73.50.

A number of research analysts have recently commented on the company. Barclays increased their price target on Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $75.00 in a research note on Tuesday, September 24th. Bank of America upped their price objective on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price target on shares of Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th.

Check Out Our Latest Research Report on Ryan Specialty

Insider Activity

In other news, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.39, for a total transaction of $2,358,650.00. Following the transaction, the director now owns 65,100 shares of the company’s stock, valued at $4,387,089. This represents a 34.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David P. Bolger sold 7,055 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $70.88, for a total value of $500,058.40. Following the completion of the sale, the director now directly owns 78,149 shares of the company’s stock, valued at $5,539,201.12. The trade was a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,936 shares of company stock valued at $8,536,282 in the last ninety days. 11.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ryan Specialty

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its position in Ryan Specialty by 1.5% in the 3rd quarter. State Street Corp now owns 3,273,093 shares of the company’s stock valued at $217,301,000 after purchasing an additional 49,198 shares during the period. Janus Henderson Group PLC raised its holdings in Ryan Specialty by 0.4% during the third quarter. Janus Henderson Group PLC now owns 3,148,916 shares of the company’s stock worth $209,058,000 after buying an additional 13,986 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Ryan Specialty by 3.4% in the second quarter. Blair William & Co. IL now owns 2,866,003 shares of the company’s stock valued at $165,970,000 after buying an additional 94,663 shares in the last quarter. Barclays PLC grew its holdings in shares of Ryan Specialty by 1.1% during the third quarter. Barclays PLC now owns 1,641,743 shares of the company’s stock valued at $108,994,000 after buying an additional 17,267 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Ryan Specialty by 32.1% during the third quarter. Eagle Asset Management Inc. now owns 1,380,510 shares of the company’s stock worth $98,555,000 after acquiring an additional 335,180 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $63.99 on Tuesday. Ryan Specialty has a twelve month low of $41.65 and a twelve month high of $75.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock’s 50-day simple moving average is $69.55 and its 200 day simple moving average is $65.15. The firm has a market capitalization of $16.76 billion, a PE ratio of 83.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.67.

Ryan Specialty (NYSE:RYANGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. On average, analysts anticipate that Ryan Specialty will post 1.82 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.11 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.69%. Ryan Specialty’s payout ratio is currently 57.14%.

About Ryan Specialty

(Get Free Report

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.

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Analyst Recommendations for Ryan Specialty (NYSE:RYAN)

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