Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts hold a neutral view: Nineteen analysts rate Ryan Specialty “Hold” overall, with 10 holds, 8 buys and 1 sell. The average 12-month price target is $53.86.
• Recent analyst targets increased: Mizuho, Barclays, Morgan Stanley and Royal Bank of Canada raised their price targets, with RBC setting the highest cited target at $55 and rating the stock “outperform.”
• Quarterly results beat expectations: Ryan Specialty reported $0.74 in quarterly EPS versus a $0.60 consensus estimate and revenue of $916.65 million, up 7.2% year over year. The company also pays a $0.13 quarterly dividend and authorized a $300 million share buyback.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) has been given a consensus rating of "Hold" by the nineteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $53.8611.

RYAN has been the topic of a number of recent analyst reports. Zacks Research raised Ryan Specialty from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 30th. Mizuho increased their price target on Ryan Specialty from $39.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Barclays increased their price target on Ryan Specialty from $46.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Morgan Stanley lifted their price target on shares of Ryan Specialty from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ryan Specialty from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st.

Ryan Specialty Trading Down 3.6%

NYSE:RYAN opened at $39.40 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. Ryan Specialty has a 1-year low of $29.28 and a 1-year high of $59.19. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 54.72, a price-to-earnings-growth ratio of 0.81 and a beta of 0.57. The stock has a fifty day simple moving average of $42.41 and a 200 day simple moving average of $37.55.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.14. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The company had revenue of $916.65 million for the quarter, compared to the consensus estimate of $873.93 million. During the same period in the previous year, the business earned $0.66 EPS. The company's revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that Ryan Specialty will post 2.18 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, August 11th. Ryan Specialty's dividend payout ratio is 72.22%.

Ryan Specialty announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 26th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Ryan Specialty

Large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in Ryan Specialty in the 4th quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Ryan Specialty during the third quarter worth approximately $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Ryan Specialty by 6,322.2% during the fourth 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 last quarter. Allworth Financial LP lifted its holdings in shares of Ryan Specialty by 70.0% during the second quarter. Allworth Financial LP now owns 787 shares of the company's stock worth $30,000 after buying an additional 324 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Ryan Specialty by 54.9% in the first quarter. Parallel Advisors LLC now owns 1,013 shares of the company's stock valued at $34,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds 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.

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