Zacks: Analysts Anticipate Ryan Specialty Group Holdings Inc (NYSE:RYAN) to Post $0.28 Earnings Per Share

Brokerages expect Ryan Specialty Group Holdings Inc (NYSE:RYAN) to announce earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Ryan Specialty Group’s earnings. The firm is expected to announce its next quarterly earnings report on Thursday, February 10th.

According to Zacks, analysts expect that Ryan Specialty Group will report full-year earnings of $1.07 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $1.21 per share, with EPS estimates ranging from $1.19 to $1.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Ryan Specialty Group.

Ryan Specialty Group (NYSE:RYAN) last posted its quarterly earnings results on Thursday, November 11th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06.

A number of research firms have recently commented on RYAN. JPMorgan Chase & Co. began coverage on Ryan Specialty Group in a report on Monday, August 16th. They issued a “neutral” rating and a $31.00 price target for the company. Keefe, Bruyette & Woods began coverage on Ryan Specialty Group in a report on Monday, August 16th. They issued an “outperform” rating and a $35.00 price target for the company. Zacks Investment Research raised Ryan Specialty Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, November 16th. Royal Bank of Canada lifted their price objective on Ryan Specialty Group from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 12th. Finally, Wells Fargo & Company lifted their price objective on Ryan Specialty Group from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Friday, November 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $36.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Ryan Specialty Group in the third quarter worth about $789,000. ArrowMark Colorado Holdings LLC purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $7,677,000. Schonfeld Strategic Advisors LLC purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $32,154,000. Captrust Financial Advisors purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $113,000. Finally, Atria Investments LLC purchased a new position in Ryan Specialty Group during the 3rd quarter valued at about $3,769,000. Hedge funds and other institutional investors own 24.97% of the company’s stock.

Shares of Ryan Specialty Group stock traded up $0.12 during trading hours on Tuesday, reaching $40.09. The company had a trading volume of 219,721 shares, compared to its average volume of 598,190. Ryan Specialty Group has a one year low of $25.57 and a one year high of $41.14. The business has a fifty day moving average price of $35.90.

About Ryan Specialty Group

Ryan Specialty Group Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents and carriers. The company offer distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter.

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Earnings History and Estimates for Ryan Specialty Group (NYSE:RYAN)

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