Ryan Specialty Holdings Inc. (NYSE:RYAN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a neutral view: Nineteen analysts assign Ryan Specialty a consensus “Hold” rating, with an average 12-month price target of $53.42.
• Quarterly results exceeded expectations: The company reported $0.74 in EPS versus the $0.60 consensus estimate, while revenue rose 7.2% year over year to $916.65 million.
• Shareholder returns and insider confidence: Ryan Specialty announced a $300 million share-buyback program and a quarterly dividend of $0.13 per share. Insiders purchased more than 130,000 shares over the past three months, while institutional investors own 84.82% of the stock.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) has received a consensus rating of "Hold" from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $53.4167.

RYAN has been the topic of several recent research reports. The Goldman Sachs Group lifted 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. UBS Group raised their target price on shares of Ryan Specialty from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Zacks Research upgraded shares of Ryan Specialty from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 30th. Wolfe Research cut Ryan Specialty from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their price target on Ryan Specialty from $48.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, July 31st.

Ryan Specialty Price Performance

NYSE:RYAN opened at $41.75 on Friday. The business's 50-day moving average price is $39.95 and its 200 day moving average price is $37.90. The firm has a market cap of $10.68 billion, a P/E ratio of 57.99, a PEG ratio of 0.83 and a beta of 0.59. Ryan Specialty has a 52-week low of $29.28 and a 52-week high of $60.34. 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 (NYSE:RYAN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $873.93 million. During the same period in the prior year, the company earned $0.66 EPS. Ryan Specialty's revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Ryan Specialty will post 2.17 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 11th. Ryan Specialty's payout ratio is presently 72.22%.

Ryan Specialty declared that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Ryan Specialty

In related news, EVP Mark Stephen Katz bought 3,215 shares of Ryan Specialty stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of $31.07 per share, with a total value of $99,890.05. Following the completion of the acquisition, the executive vice president directly owned 4,332 shares in the company, valued at approximately $134,595.24. This trade represents a 287.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Patrick G. Ryan purchased 120,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $32.50 per share, with a total value of $3,900,000.00. Following the transaction, the chairman directly owned 13,817,859 shares in the company, valued at $449,080,417.50. This trade represents a 0.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 130,715 shares of company stock valued at $4,263,590 over the last three months. Company insiders own 52.03% of the company's stock.

Institutional Trading of Ryan Specialty

A number of hedge funds have recently bought and sold shares of the company. Qsemble Capital Management LP acquired a new stake in Ryan Specialty during the 4th quarter worth about $2,823,000. Stephens Investment Management Group LLC grew its stake in Ryan Specialty by 41.6% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,929,094 shares of the company's stock valued at $99,599,000 after acquiring an additional 566,610 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Ryan Specialty by 11.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 525,172 shares of the company's stock valued at $27,115,000 after purchasing an additional 55,716 shares during the period. Entropy Technologies LP acquired a new position in shares of Ryan Specialty in the 1st quarter valued at about $2,189,000. Finally, Bank of America Corp DE lifted its position in shares of 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 worth $50,883,000 after purchasing an additional 389,505 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

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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