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

Key Points

• Ryan Specialty Holdings Inc. has been rated as a "Moderate Buy" by analysts, with twelve analysts covering the stock, where nine recommend buying and one gives a strong buy rating.
• The average 12-month price target for the stock is $73.92, with Citigroup setting a target price of $74.00 after initiating coverage.
• Ryan Specialty recently announced a quarterly dividend of $0.12 per share, representing an annual yield of 0.9%, with a dividend payout ratio currently at 137.14%.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $73.9167.

Several research firms have recently weighed in on RYAN. Wolfe Research raised shares of Ryan Specialty to a "strong-buy" rating in a report on Tuesday, September 16th. Citigroup initiated coverage on shares of Ryan Specialty in a report on Wednesday, August 13th. They set a "buy" rating and a $74.00 target price for the company. Wall Street Zen raised shares of Ryan Specialty from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Morgan Stanley reduced their target price on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Finally, UBS Group reduced their target price on shares of Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday, August 4th.

Ryan Specialty Stock Up 1.5%

RYAN opened at $55.28 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.88. The firm has a 50 day moving average price of $58.04 and a 200-day moving average price of $65.20. Ryan Specialty has a twelve month low of $50.08 and a twelve month high of $77.16. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 157.95, a PEG ratio of 1.52 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm had revenue of $855.17 million during the quarter, compared to analysts' expectations of $837.52 million. During the same period in the previous year, the company earned $0.58 earnings per share. The firm's quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts forecast that Ryan Specialty will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Ryan Specialty's dividend payout ratio is currently 137.14%.

Insider Buying and Selling

In other Ryan Specialty news, Chairman Patrick G. Ryan bought 276,634 shares of Ryan Specialty stock in a transaction on Friday, September 12th. The stock was acquired at an average cost of $51.84 per share, with a total value of $14,340,706.56. Following the completion of the acquisition, the chairman owned 13,699,959 shares in the company, valued at approximately $710,205,874.56. This represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 52.21% of the company's stock.

Hedge Funds Weigh In On Ryan Specialty

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ryan Specialty by 281.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock worth $25,000 after purchasing an additional 245 shares during the period. SVB Wealth LLC bought a new position in shares of Ryan Specialty in the first quarter worth approximately $26,000. WPG Advisers LLC bought a new position in shares of Ryan Specialty in the first quarter worth approximately $32,000. Golden State Wealth Management LLC boosted its position in shares of Ryan Specialty by 10,975.0% in the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company's stock worth $30,000 after purchasing an additional 439 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Ryan Specialty in the second quarter worth approximately $31,000. 84.82% of the stock is currently owned by institutional investors.

About Ryan Specialty

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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