UBS Group Forecasts Strong Price Appreciation for Ryan Specialty (NYSE:RYAN) Stock

Ryan Specialty (NYSE:RYAN) had its price target upped by research analysts at UBS Group from $82.00 to $84.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 19.95% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on RYAN. Keefe, Bruyette & Woods cut their target price on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Morgan Stanley initiated coverage on Ryan Specialty in a research report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price objective for the company. Wells Fargo & Company increased their target price on Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Barclays boosted their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada decreased their price objective on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.27.

Ryan Specialty Stock Performance

NYSE RYAN opened at $70.03 on Wednesday. The business has a 50 day moving average price of $65.90 and a 200 day moving average price of $67.37. The company has a market capitalization of $18.34 billion, a P/E ratio of 101.50, a PEG ratio of 1.19 and a beta of 0.72. Ryan Specialty has a 1-year low of $48.20 and a 1-year high of $75.97. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $663.53 million during the quarter, compared to analysts’ expectations of $658.80 million. Sell-side analysts expect that Ryan Specialty will post 2.29 EPS for the current fiscal year.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the completion of the sale, the director now directly owns 60,200 shares in the company, valued at $4,015,942. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 316,451 shares of company stock worth $20,907,793 in the last three months. Company insiders own 11.10% of the company’s stock.

Institutional Trading of Ryan Specialty

Institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Ryan Specialty during the third quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new position in shares of Ryan Specialty in the 4th quarter valued at $27,000. Assetmark Inc. acquired a new position in shares of Ryan Specialty during the 3rd quarter valued at $34,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Ryan Specialty during the fourth quarter worth about $36,000. Finally, Principal Securities Inc. increased its holdings in Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after purchasing an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.