Ryan Specialty (NYSE:RYAN) Hits New 12-Month Low – Should You Sell?

Ryan Specialty Holdings Inc. (NYSE:RYAN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.28 and last traded at $30.2460, with a volume of 154428 shares changing hands. The stock had previously closed at $29.39.

Analyst Upgrades and Downgrades

RYAN has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $42.00 target price on shares of Ryan Specialty in a research report on Friday, May 1st. Mizuho set a $35.00 target price on Ryan Specialty in a research report on Friday, May 1st. BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and cut their target price for the company from $66.00 to $43.00 in a research report on Wednesday, February 25th. Wells Fargo & Company lowered Ryan Specialty from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $31.00 in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ryan Specialty in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.82.

Ryan Specialty Stock Down 1.4%

The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 2.90. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 0.73 and a beta of 0.68. The firm’s fifty day simple moving average is $35.54 and its 200 day simple moving average is $45.85.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The company had revenue of $795.23 million during the quarter, compared to analysts’ expectations of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. Sell-side analysts predict that Ryan Specialty Holdings Inc. will post 2.1 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 26th. Investors of record on Tuesday, May 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 12th. Ryan Specialty’s dividend payout ratio is 67.53%.

Insider Buying and Selling

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average price of $39.96 per share, with a total value of $1,018,980.00. Following the completion of the acquisition, the director directly owned 428,295 shares of the company’s stock, valued at $17,114,668.20. This represents 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. 52.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ryan Specialty

Several large investors have recently bought and sold shares of RYAN. Royal Bank of Canada increased its holdings in Ryan Specialty by 10.6% in the first quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock valued at $4,406,000 after buying an additional 5,739 shares during the last quarter. AQR Capital Management LLC increased its holdings in Ryan Specialty by 25.1% in the first quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock valued at $367,000 after buying an additional 998 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Ryan Specialty by 46.3% in the first quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock valued at $27,787,000 after buying an additional 119,055 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Ryan Specialty by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock valued at $24,586,000 after buying an additional 33,667 shares during the last quarter. Finally, Creative Planning increased its holdings in Ryan Specialty by 15.4% in the second quarter. Creative Planning now owns 4,586 shares of the company’s stock valued at $312,000 after buying an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

About Ryan Specialty

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.