Ryan Specialty (NYSE:RYAN) Stock Gets Price Target Reduction from UBS Group

Ryan Specialty (NYSE:RYAN) had its target price cut by UBS Group from $55.00 to $52.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada decreased their price target on Ryan Specialty from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, October 30th. Citigroup increased their price objective on shares of Ryan Specialty from $50.00 to $53.50 and gave the company a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, August 3rd. The Goldman Sachs Group raised their price objective on shares of Ryan Specialty from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Cantor Fitzgerald raised their price target on shares of Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.15.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $47.45 on Monday. Ryan Specialty has a 52-week low of $29.28 and a 52-week high of $58.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 4.03. The firm’s 50-day moving average price is $40.56 and its 200-day moving average price is $39.10. The company has a market cap of $12.14 billion, a PE ratio of 58.59, a PEG ratio of 0.97 and a beta of 0.54.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $789.96 million during the quarter, compared to analyst estimates of $792.99 million. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts anticipate that Ryan Specialty will post 2.17 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th. Ryan Specialty’s payout ratio is presently 64.20%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vulcan Value Partners LLC boosted its position in shares of Ryan Specialty by 20.0% in the 2nd quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock valued at $298,782,000 after purchasing an additional 1,317,334 shares during the period. Principal Financial Group Inc. increased its position in Ryan Specialty by 0.9% during the first quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock worth $148,856,000 after buying an additional 37,339 shares during the period. Bank of America Corp DE lifted its stake in Ryan Specialty by 34.8% in the first quarter. Bank of America Corp DE now owns 1,508,083 shares of the company’s stock valued at $50,883,000 after buying an additional 389,505 shares during the last quarter. Fenimore Asset Management Inc lifted its stake in Ryan Specialty by 1.8% in the third quarter. Fenimore Asset Management Inc now owns 1,330,600 shares of the company’s stock valued at $49,232,000 after buying an additional 23,994 shares during the last quarter. Finally, Guardian Point Capital LP boosted its holdings in shares of Ryan Specialty by 15.0% in the first quarter. Guardian Point Capital LP now owns 575,000 shares of the company’s stock valued at $19,400,000 after acquiring an additional 75,000 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.