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

Key Points

• Analysts give Ryan Specialty a consensus rating of “Hold” from 19 brokerages (3 sell, 6 hold, 9 buy, 1 strong buy) with an average 1‑year price target of $47.82.
• An insider trade: Director Patrick G. Ryan Jr. bought 25,500 shares at $39.96, raising his stake to 428,295 shares; the article also reports insiders own 52.03% while institutional ownership is 84.82%.
• Ryan Specialty posted an earnings beat (Q1 EPS $0.47 vs. $0.43 expected) with revenue $795.2M (+15.2% YoY), and declared a $0.13 quarterly dividend (annualized $0.52, ~1.6% yield).

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) has received an average recommendation of "Hold" from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $47.8235.

Several equities analysts have commented on RYAN shares. Citigroup dropped their target price on Ryan Specialty from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Monday. BMO Capital Markets downgraded Ryan Specialty from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $66.00 to $43.00 in a research note on Wednesday, February 25th. UBS Group dropped their price objective on shares of Ryan Specialty from $59.00 to $51.00 and set a "buy" rating for the company in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Ryan Specialty from $49.00 to $43.00 and set an "underweight" rating on the stock in a report on Thursday, April 9th. Finally, Zacks Research cut shares of Ryan Specialty from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 24th.

Insiders Place Their Bets

In related news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the transaction, the director directly owned 428,295 shares in the company, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryan Specialty

A number of hedge funds have recently made changes to their positions in the stock. Vulcan Value Partners LLC grew its holdings in Ryan Specialty by 631.7% in the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company's stock worth $238,536,000 after purchasing an additional 3,989,502 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Ryan Specialty by 79.9% during 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 purchasing an additional 3,353,926 shares during the period. Independent Franchise Partners LLP bought a new position in shares of Ryan Specialty during the 3rd quarter worth about $95,798,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Ryan Specialty by 1,510.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,610,000 shares of the company's stock valued at $83,124,000 after buying an additional 1,510,000 shares during the period. Finally, Champlain Investment Partners LLC grew its stake in shares of Ryan Specialty by 76.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company's stock valued at $172,800,000 after buying an additional 1,332,773 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Trading Up 7.7%

Shares of Ryan Specialty stock opened at $31.66 on Friday. The firm's 50 day moving average is $35.54 and its 200 day moving average is $45.85. The firm has a market capitalization of $8.36 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 0.67 and a beta of 0.68. Ryan Specialty has a 1 year low of $29.28 and a 1 year high of $72.50. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 2.90.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm had revenue of $795.23 million for the quarter, compared to analysts' expectations of $781.44 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company's revenue was up 15.2% on a year-over-year basis. Equities research analysts forecast that Ryan Specialty will post 2.12 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. Ryan Specialty's payout ratio is currently 67.53%.

Ryan Specialty Company Profile

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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