Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock Has Average Price Target of $52.97 According to Brokerages

Key Points

• Analyst sentiment is mixed: Nineteen firms give Ryan Specialty an average “Hold” rating, with 10 holds, eight buys and one sell. The average 12-month price target is $52.97 versus the stock’s reported $37.70 price.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 84.82% of the company, with several major investors recently increasing their positions.
• Recent operating results exceeded expectations: Ryan Specialty reported quarterly EPS of $0.74 versus the $0.60 consensus estimate and revenue of $916.65 million, up 7.2% year over year. The company also pays a quarterly dividend of $0.13, equivalent to a 1.4% annualized yield.

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) have received an average recommendation of "Hold" from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $52.97.

A number of analysts have recently commented on RYAN shares. Mizuho lowered their target price on Ryan Specialty from $48.00 to $43.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 16th. Citigroup lifted their price target on Ryan Specialty from $50.00 to $53.50 and gave the company a "buy" rating in a research report on Monday, August 3rd. Morgan Stanley boosted their price target on Ryan Specialty from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Wells Fargo & Company raised their price objective on shares of Ryan Specialty from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Finally, Zacks Research raised shares of Ryan Specialty from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 30th.

Institutional Investors Weigh In On Ryan Specialty

Several hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its position in shares of Ryan Specialty by 79.9% in the fourth 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 in the last quarter. Capital World Investors increased its holdings in Ryan Specialty by 0.3% in the 4th quarter. Capital World Investors now owns 6,640,638 shares of the company's stock worth $342,856,000 after acquiring an additional 17,082 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in Ryan Specialty by 20.0% in the 2nd quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company's stock worth $298,782,000 after acquiring an additional 1,317,334 shares in the last quarter. Principal Financial Group Inc. raised 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 acquiring an additional 37,339 shares during the period. Finally, Independent Franchise Partners LLP raised its position in Ryan Specialty by 24.4% during the fourth quarter. Independent Franchise Partners LLP now owns 2,115,313 shares of the company's stock worth $109,214,000 after acquiring an additional 415,560 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Trading Up 0.1%

Shares of Ryan Specialty stock opened at $37.70 on Monday. The stock has a market cap of $9.64 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. The firm has a fifty day moving average price of $41.49 and a 200 day moving average price of $37.56. Ryan Specialty has a 1 year low of $29.28 and a 1 year high of $59.19. 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 (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $916.65 million for the quarter, compared to analyst estimates of $873.93 million. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The firm's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. Equities research analysts predict that Ryan Specialty will post 2.18 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.4%. Ryan Specialty's payout ratio is presently 72.22%.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.

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