Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives $50.00 Consensus Target Price from Analysts

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have earned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $50.00.

A number of equities research analysts recently weighed in on RYAN shares. Morgan Stanley boosted their price target on shares of Ryan Specialty from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods raised their price objective on Ryan Specialty from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on Ryan Specialty from $37.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, July 13th. UBS Group reduced their target price on Ryan Specialty from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Atlantic Securities set a $69.00 target price on Ryan Specialty in a research report on Wednesday, July 15th.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 7,500 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average cost of $35.16 per share, with a total value of $263,700.00. Following the completion of the acquisition, the director owned 117,933 shares of the company’s stock, valued at $4,146,524.28. The trade was a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Stephen Katz bought 3,215 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the transaction, the executive vice president owned 4,332 shares of the company’s stock, valued at approximately $134,595.24. The trade was a 287.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 130,715 shares of company stock valued at $4,263,590. 52.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of Ryan Specialty in the third quarter valued at about $28,000. Los Angeles Capital Management LLC purchased a new position in shares of Ryan Specialty during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. increased its position in Ryan Specialty by 6,322.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 569 shares during the period. Quarry LP acquired a new position in Ryan Specialty in the 3rd quarter valued at about $37,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Ryan Specialty by 173.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $37,000 after acquiring an additional 450 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Stock Up 0.1%

RYAN stock opened at $41.77 on Wednesday. The stock has a market cap of $11.01 billion, a P/E ratio of 54.25, a PEG ratio of 0.91 and a beta of 0.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90. Ryan Specialty has a twelve month low of $29.28 and a twelve month high of $66.27. The company’s 50 day moving average is $36.59 and its two-hundred day moving average is $38.56.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The business 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 company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. Research analysts expect that Ryan Specialty will post 2.06 earnings per share for the current fiscal year.

Ryan Specialty announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 26th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 annualized dividend and a yield of 1.2%. 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.