Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives Average Recommendation of "Moderate Buy" from Analysts

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $75.58.

RYAN has been the subject of several analyst reports. UBS Group lifted their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Barclays cut their price target on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company cut their price target on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank of Canada cut their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st.

Ryan Specialty Price Performance

NYSE:RYAN opened at $65.46 on Tuesday. The company has a 50-day moving average of $69.03 and a 200-day moving average of $68.31. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of 94.87, a PEG ratio of 1.19 and a beta of 0.70. Ryan Specialty has a 52 week low of $52.37 and a 52 week high of $77.16. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $690.17 million during the quarter, compared to the consensus estimate of $680.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. As a group, equities research analysts anticipate that Ryan Specialty will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, May 13th. Ryan Specialty's dividend payout ratio is 141.18%.

Insider Transactions at Ryan Specialty

In related news, Director David P. Bolger sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total transaction of $354,000.00. Following the completion of the transaction, the director now owns 71,467 shares in the company, valued at approximately $5,059,863.60. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 52.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock valued at $25,000 after purchasing an additional 245 shares during the period. SVB Wealth LLC acquired a new position in Ryan Specialty during the first quarter valued at approximately $26,000. Rakuten Securities Inc. acquired a new position in Ryan Specialty during the fourth quarter valued at approximately $27,000. WPG Advisers LLC acquired a new position in Ryan Specialty during the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC acquired a new position in Ryan Specialty during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.82% of the company's stock.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

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