Ryan Specialty Holdings, Inc. (NYSE:RYAN) Given Consensus Recommendation of “Hold” by Analysts

Ryan Specialty Holdings, Inc. (NYSE:RYAN) has received an average rating of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $74.40.

RYAN has been the subject of several recent research reports. BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. Bank of America increased their price target on shares of Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley began coverage on shares of Ryan Specialty in a research report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price objective on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, The Goldman Sachs Group raised their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th.

Insider Activity

In related news, Director David P. Bolger sold 7,055 shares of Ryan Specialty stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $70.88, for a total transaction of $500,058.40. Following the completion of the sale, the director now owns 78,149 shares of the company’s stock, valued at $5,539,201.12. The trade was a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.39, for a total transaction of $2,358,650.00. Following the completion of the transaction, the director now owns 65,100 shares in the company, valued at approximately $4,387,089. This trade represents a 34.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,402 shares of company stock valued at $12,762,989 over the last ninety days. 11.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC grew its position in Ryan Specialty by 2,113.3% during the 4th quarter. Avior Wealth Management LLC now owns 3,497 shares of the company’s stock worth $224,000 after purchasing an additional 3,339 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Ryan Specialty by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,825 shares of the company’s stock worth $1,144,000 after buying an additional 831 shares during the last quarter. SG Americas Securities LLC grew its holdings in Ryan Specialty by 94.2% during the fourth quarter. SG Americas Securities LLC now owns 3,253 shares of the company’s stock worth $209,000 after acquiring an additional 1,578 shares during the period. UMB Bank n.a. raised its position in Ryan Specialty by 5.7% during the fourth quarter. UMB Bank n.a. now owns 5,522 shares of the company’s stock valued at $354,000 after acquiring an additional 298 shares in the last quarter. Finally, Bar Harbor Wealth Management lifted its holdings in Ryan Specialty by 5.9% in the fourth quarter. Bar Harbor Wealth Management now owns 168,871 shares of the company’s stock valued at $10,835,000 after acquiring an additional 9,482 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Down 0.5 %

NYSE RYAN opened at $66.57 on Friday. Ryan Specialty has a one year low of $42.21 and a one year high of $75.97. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 86.46, a price-to-earnings-growth ratio of 1.12 and a beta of 0.72. The company’s 50-day simple moving average is $67.95 and its two-hundred day simple moving average is $65.87.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $604.69 million for 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 was up 20.5% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. Equities analysts forecast that Ryan Specialty will post 1.82 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently disclosed 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 was Tuesday, November 12th. This represents a $0.44 annualized dividend and a dividend yield of 0.66%. Ryan Specialty’s payout ratio is currently 57.14%.

About Ryan Specialty

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.