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

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $53.8611.

RYAN has been the topic of a number of research reports. Royal Bank Of Canada increased their price objective on Ryan Specialty from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. The Goldman Sachs Group lifted their target price on shares of Ryan Specialty from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. UBS Group boosted their target price on shares of Ryan Specialty from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Cantor Fitzgerald increased 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. Finally, Atlantic Securities set a $69.00 price target on shares of Ryan Specialty in a report on Wednesday, July 15th.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $43.28 on Friday. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.00 and a quick ratio of 1.00. Ryan Specialty has a fifty-two week low of $29.28 and a fifty-two week high of $60.13. The stock’s 50-day moving average is $40.78 and its two-hundred day moving average is $37.70. The firm has a market cap of $11.07 billion, a P/E ratio of 60.11, a PEG ratio of 0.86 and a beta of 0.59.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. The company had revenue of $916.65 million during the quarter, compared to the consensus estimate of $873.93 million. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%.The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. Analysts predict that Ryan Specialty will post 2.18 earnings per share for the current fiscal year.

Ryan Specialty declared that its board has approved a stock buyback program on Tuesday, May 26th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 11th. Ryan Specialty’s dividend payout ratio is presently 72.22%.

Insider Buying and Selling 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, Chairman Patrick G. Ryan acquired 120,000 shares of the stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the acquisition, the chairman owned 13,817,859 shares in the company, valued at $449,080,417.50. The trade was a 0.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 130,715 shares of company stock worth $4,263,590 over the last three months. Corporate insiders own 52.03% of the company’s stock.

Institutional Investors Weigh In On Ryan Specialty

A number of large investors have recently added to or reduced their stakes in RYAN. Los Angeles Capital Management LLC acquired a new position in Ryan Specialty during the fourth quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new stake in shares of Ryan Specialty in the third quarter worth $28,000. SBI Securities Co. Ltd. boosted its holdings in shares of Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after buying an additional 569 shares during the period. Parallel Advisors LLC grew its stake in Ryan Specialty by 54.9% in the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Ryan Specialty by 173.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $37,000 after buying an additional 450 shares during the last quarter. 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.