Ryan Specialty (NYSE:RYAN) Hits New 1-Year Low – Time to Sell?

Ryan Specialty Holdings Inc. (NYSE:RYAN) reached a new 52-week low on Tuesday . The company traded as low as $49.93 and last traded at $50.93, with a volume of 273256 shares traded. The stock had previously closed at $50.75.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Cowen cut their price objective on shares of Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Wells Fargo & Company lifted their price objective on Ryan Specialty from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Ryan Specialty in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $61.00 price target on shares of Ryan Specialty in a research note on Wednesday, January 7th. Finally, Barclays reduced their target price on shares of Ryan Specialty from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ryan Specialty presently has a consensus rating of “Moderate Buy” and an average price target of $64.81.

Ryan Specialty Stock Performance

The stock’s fifty day moving average is $54.52 and its 200-day moving average is $56.91. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.72. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 110.30, a PEG ratio of 1.22 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $754.58 million during the quarter, compared to analyst estimates of $742.35 million. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. On average, analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were given a $0.12 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Ryan Specialty’s payout ratio is currently 104.35%.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the sale, the chief executive officer directly owned 12,553 shares in the company, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 52.21% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAN. Advisory Services Network LLC bought a new position in Ryan Specialty during the 3rd quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings in shares of Ryan Specialty by 10,975.0% during the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after buying an additional 439 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Ryan Specialty in the 2nd quarter valued at approximately $31,000. MAI Capital Management raised its position in Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after buying an additional 188 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares in the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

Ryan Specialty Company Profile

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.