Ryan Specialty (NYSE:RYAN) Reaches New 12-Month Low - Should You Sell?

Key Points

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Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $59.29 and last traded at $60.72, with a volume of 152999 shares. The stock had previously closed at $60.16.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and upped their price target for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. Wells Fargo & Company reduced their target price on shares of Ryan Specialty from $65.00 to $63.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen cut Ryan Specialty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley decreased their price objective on Ryan Specialty from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $76.00.

Ryan Specialty Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.45. The stock's fifty day moving average is $66.83 and its two-hundred day moving average is $68.28. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 180.60, a P/E/G ratio of 1.62 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. Ryan Specialty had a net margin of 6.97% and a return on equity of 47.70%. The company had revenue of $690.17 million for the quarter, compared to analysts' expectations of $680.80 million. During the same period in the prior year, the firm earned $0.35 EPS. Ryan Specialty's quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.78%. Ryan Specialty's payout ratio is 141.18%.

Insiders Place Their Bets

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the completion of the sale, the executive vice president owned 1,117 shares of the company's stock, valued at $73,543.28. This trade represents a 92.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Bolger sold 5,000 shares of the stock in a transaction dated 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 directly owned 71,467 shares in the company, valued at $5,059,863.60. The trade was a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ryan Specialty

Several institutional investors and hedge funds have recently made changes to their positions in RYAN. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Ryan Specialty by 281.6% during 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 Ryan Specialty during the 1st quarter worth $26,000. Central Pacific Bank Trust Division acquired a new position in Ryan Specialty in the 2nd quarter valued at $31,000. WPG Advisers LLC bought a new stake in shares of Ryan Specialty during the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Ryan Specialty during the 1st quarter worth $35,000. Institutional investors and hedge funds own 84.82% of the company's stock.

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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