Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock Has Average Price Target of $52.97

Ryan Specialty Holdings Inc. (NYSE:RYAN) has been given a consensus rating of “Hold” by the nineteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned 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 $52.32.

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Atlantic Securities set a $69.00 price objective on shares of Ryan Specialty in a research report on Wednesday, July 15th. Wells Fargo & Company upped their target price on shares of Ryan Specialty from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Cantor Fitzgerald raised their target price on shares of Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Barclays lifted their price target on shares of Ryan Specialty from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 31st.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock opened at $37.53 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. The stock’s fifty day moving average is $41.06 and its two-hundred day moving average is $37.62. Ryan Specialty has a 52 week low of $29.28 and a 52 week high of $58.94. The company has a market capitalization of $9.60 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.14. The business had revenue of $916.65 million during the quarter, compared to the consensus estimate of $873.93 million. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, analysts expect that Ryan Specialty will post 2.18 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, August 11th. Ryan Specialty’s dividend payout ratio (DPR) is presently 72.22%.

Institutional Investors Weigh In On Ryan Specialty

A number of institutional investors and hedge funds have recently bought and sold shares of RYAN. Confluence Investment Management LLC increased its stake in shares of Ryan Specialty by 64.6% during the third quarter. Confluence Investment Management LLC now owns 311,140 shares of the company’s stock valued at $11,512,000 after buying an additional 122,139 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Ryan Specialty in the second quarter valued at about $351,000. Integrated Wealth Concepts LLC purchased a new stake in Ryan Specialty in the second quarter worth about $73,000. Allworth Financial LP grew its holdings in Ryan Specialty by 70.0% during the 2nd quarter. Allworth Financial LP now owns 787 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its holdings in Ryan Specialty by 20.0% during the 2nd quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock worth $298,782,000 after acquiring an additional 1,317,334 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.