Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives $50.00 Consensus PT from Brokerages

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $50.00.

RYAN has been the topic of several recent research reports. UBS Group cut their price objective on shares of Ryan Specialty from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Citigroup dropped their price target on shares of Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wolfe Research downgraded shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Zacks Research raised shares of Ryan Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Atlantic Securities set a $69.00 price objective on shares of Ryan Specialty in a research note on Wednesday, July 15th.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $41.77 on Wednesday. The business’s 50-day moving average price is $36.59 and its two-hundred day moving average price is $38.66. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02. Ryan Specialty has a one year low of $29.28 and a one year high of $66.27. The company has a market capitalization of $11.01 billion, a P/E ratio of 54.25, a price-to-earnings-growth ratio of 0.87 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $795.23 million during the quarter, compared to the consensus estimate of $781.44 million. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Analysts anticipate that Ryan Specialty will post 2.06 earnings per share for the current fiscal year.

Ryan Specialty announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 26th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, May 12th. Ryan Specialty’s dividend payout ratio (DPR) is 67.53%.

Insider Transactions at Ryan Specialty

In related news, EVP Mark Stephen Katz purchased 3,215 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the purchase, the executive vice president owned 4,332 shares in the company, valued at $134,595.24. The trade was a 287.82% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. acquired 7,500 shares of the stock in a transaction dated Wednesday, June 10th. The shares were bought at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the acquisition, the director owned 117,933 shares in the company, valued at $4,146,524.28. The trade was a 6.79% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 130,715 shares of company stock worth $4,263,590. 52.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ryan Specialty

A number of institutional investors have recently modified their holdings of RYAN. Vulcan Value Partners LLC lifted its stake in shares of Ryan Specialty by 631.7% in the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock worth $238,536,000 after buying an additional 3,989,502 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Ryan Specialty by 79.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock valued at $389,910,000 after buying an additional 3,353,926 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Ryan Specialty by 1,510.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,610,000 shares of the company’s stock valued at $83,124,000 after buying an additional 1,510,000 shares during the last quarter. Norges Bank bought a new position in Ryan Specialty in the 4th quarter worth $60,546,000. Finally, Focus Partners Wealth bought a new position in Ryan Specialty in the 4th quarter worth $43,506,000. Institutional investors own 84.82% of the company’s stock.

About Ryan Specialty

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.