Ryan Specialty (NYSE:RYAN) Hits New 1-Year Low - Should You Sell?

Key Points

• Ryan Specialty Holdings Inc. (NYSE:RYAN) shares reached a new 52-week low of $55.58, following a prior close of $56.53 and reflecting a concerning downward trend in stock performance.
• Various analysts have adjusted their ratings and price targets for Ryan Specialty, with Morgan Stanley lowering its target from $71 to $68, while Citigroup set a target of $74 with a "buy" rating.
• The company announced a quarterly dividend of $0.12 per share, but has a notably high dividend payout ratio of 137.14%, indicating potential concerns about sustainability.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $55.70 and last traded at $55.58, with a volume of 124742 shares. The stock had previously closed at $56.53.

Analyst Ratings Changes

RYAN has been the topic of several recent research reports. Morgan Stanley reduced their price target on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Citigroup started coverage on shares of Ryan Specialty in a report on Wednesday, August 13th. They set a "buy" rating and a $74.00 price target for the company. Cantor Fitzgerald upgraded shares of Ryan Specialty to a "hold" rating in a research note on Wednesday, August 13th. Barclays reduced their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Finally, The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $74.00 to $81.00 in a research note on Tuesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.83.

Ryan Specialty Stock Performance

The stock has a market capitalization of $14.63 billion, a P/E ratio of 158.46, a P/E/G ratio of 1.57 and a beta of 0.64. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The company's 50-day moving average is $62.45 and its two-hundred day moving average is $67.00.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $855.17 million for the quarter, compared to analysts' expectations of $837.52 million. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. Ryan Specialty's quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. As a group, sell-side analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

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

Insider Buying and Selling

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $65.84, for a total transaction of $946,581.68. Following the transaction, the executive vice president owned 1,117 shares of the company's stock, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 52.21% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RYAN. Whittier Trust Co. of Nevada Inc. increased 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 acquiring an additional 245 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Ryan Specialty during the 1st quarter worth $26,000. Golden State Wealth Management LLC boosted its holdings in shares of Ryan Specialty by 10,975.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company's stock worth $30,000 after buying an additional 439 shares during the period. Central Pacific Bank Trust Division bought a new stake in Ryan Specialty in the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Ryan Specialty in the 1st quarter valued at $32,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

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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