Brokerages Set Ryan Specialty Holdings Inc. (NYSE:RYAN) Target Price at $65.88

Ryan Specialty Holdings Inc. (NYSE:RYAN) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $65.8750.

A number of research analysts have recently commented on the stock. TD Cowen dropped their target price on shares of Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price objective on shares of Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating for the company in a research note on Thursday, October 9th. Wolfe Research upgraded shares of Ryan Specialty to a “strong-buy” rating in a research report on Tuesday, September 16th. Piper Sandler started coverage on shares of Ryan Specialty in a report on Thursday, November 20th. They set a “neutral” rating and a $60.00 price target for the company. Finally, The Goldman Sachs Group cut their price objective on Ryan Specialty from $71.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, October 31st.

Ryan Specialty Trading Up 4.5%

Shares of RYAN stock opened at $52.86 on Friday. Ryan Specialty has a fifty-two week low of $50.08 and a fifty-two week high of $77.16. The stock’s fifty day moving average price is $54.67 and its two-hundred day moving average price is $57.50. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $13.95 billion, a PE ratio of 114.92, a P/E/G ratio of 1.19 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $754.58 million during the quarter, compared to the consensus estimate of $742.35 million. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.Ryan Specialty’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. Equities analysts predict that Ryan Specialty will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 10th. Ryan Specialty’s payout ratio is 104.35%.

Insider Transactions at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of Ryan Specialty stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the sale, the chief executive officer directly owned 12,553 shares in the company, valued at $672,966.33. This trade represents a 91.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 52.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ryan Specialty

A number of hedge funds have recently modified their holdings of RYAN. Ameritas Investment Partners Inc. increased its holdings in Ryan Specialty by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock valued at $1,190,000 after purchasing an additional 185 shares during the period. MAI Capital Management grew its position in shares of Ryan Specialty by 65.3% in the 2nd 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. Baker Tilly Wealth Management LLC increased its stake in shares of Ryan Specialty by 5.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $203,000 after buying an additional 192 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Ryan Specialty by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock worth $1,848,000 after acquiring an additional 203 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Ryan Specialty by 5.2% during the second quarter. ProShare Advisors LLC now owns 4,772 shares of the company’s stock worth $324,000 after acquiring an additional 238 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

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.