Ryan Specialty Holdings Inc. (NYSE:RYAN) Given Average Rating of “Hold” by Brokerages

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have received an average recommendation of “Hold” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.7647.

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $42.00 price objective on shares of Ryan Specialty in a research note on Friday, May 1st. BMO Capital Markets lowered shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $66.00 to $43.00 in a research report on Wednesday, February 25th. Morgan Stanley cut their target price on shares of Ryan Specialty from $45.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Mizuho set a $35.00 price objective on Ryan Specialty in a research report on Friday, May 1st. Finally, UBS Group set a $39.00 price objective on Ryan Specialty in a research report on Thursday, May 21st.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz purchased 3,215 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the acquisition, the executive vice president directly owned 4,332 shares in the company, valued at $134,595.24. This represents a 287.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 52.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its holdings in shares of Ryan Specialty by 0.9% during the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock worth $1,190,000 after buying an additional 185 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Ryan Specialty by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock valued at $1,848,000 after buying an additional 203 shares during the period. Covestor Ltd lifted its stake in shares of Ryan Specialty by 16.8% in the fourth quarter. Covestor Ltd now owns 1,467 shares of the company’s stock valued at $76,000 after buying an additional 211 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Ryan Specialty by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,355 shares of the company’s stock valued at $1,309,000 after buying an additional 240 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its stake in shares of Ryan Specialty by 7.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,313 shares of the company’s stock valued at $171,000 after buying an additional 240 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Trading Up 2.4%

NYSE RYAN opened at $32.57 on Tuesday. Ryan Specialty has a twelve month low of $29.28 and a twelve month high of $70.08. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 0.78 and a beta of 0.64. The firm’s 50 day moving average price is $33.52 and its two-hundred day moving average price is $42.63.

Ryan Specialty (NYSE:RYAN) last posted its 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. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. During the same period in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts anticipate that Ryan Specialty will post 2.05 EPS for the current year.

Ryan Specialty declared that its Board of Directors has approved a share repurchase program on Tuesday, May 26th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. Ryan Specialty’s payout ratio is 67.53%.

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.