Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $71.67.

Several research firms have commented on RYAN. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their target price on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. UBS Group lifted their price target on Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Wells Fargo & Company upped their price objective on Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets raised shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $75.00 in a report on Tuesday, September 24th.

Insider Activity at Ryan Specialty

In other news, Director David P. Bolger sold 7,055 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $70.88, for a total value of $500,058.40. Following the transaction, the director now directly owns 78,149 shares of the company’s stock, valued at approximately $5,539,201.12. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Stephen Katz sold 14,790 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the sale, the executive vice president now directly owns 12,386 shares of the company’s stock, valued at approximately $884,236.54. This represents a 54.42 % decrease in their position. The disclosure for this sale can be found here. 11.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RYAN. GAMMA Investing LLC increased its holdings in shares of Ryan Specialty by 96.4% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after purchasing an additional 297 shares during the last quarter. Anderson Hoagland & Co. raised its holdings in shares of Ryan Specialty by 1.2% during the 2nd quarter. Anderson Hoagland & Co. now owns 51,615 shares of the company’s stock worth $2,909,000 after acquiring an additional 624 shares during the period. Renaissance Capital LLC boosted its position in shares of Ryan Specialty by 45.1% during the 2nd quarter. Renaissance Capital LLC now owns 91,929 shares of the company’s stock valued at $5,324,000 after acquiring an additional 28,565 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Ryan Specialty by 327.9% in the second quarter. SG Americas Securities LLC now owns 19,481 shares of the company’s stock valued at $1,128,000 after purchasing an additional 14,928 shares during the period. Finally, Mechanics Bank Trust Department acquired a new stake in Ryan Specialty during the second quarter worth about $376,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Trading Up 0.0 %

Shares of NYSE:RYAN opened at $75.09 on Friday. The business has a 50-day moving average price of $69.74 and a 200-day moving average price of $63.04. The stock has a market cap of $19.66 billion, a price-to-earnings ratio of 97.52, a PEG ratio of 1.69 and a beta of 0.62. Ryan Specialty has a 52-week low of $41.49 and a 52-week high of $75.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $604.69 million during the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. Ryan Specialty’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. Equities analysts predict that Ryan Specialty will post 1.8 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.59%. Ryan Specialty’s dividend payout ratio is currently 57.14%.

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.