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

Key Points

• Shares of Ryan Specialty Holdings Inc. recently hit a new 52-week low, trading at $53.97, with analysts giving mixed recommendations and price target adjustments.
• Despite the low stock price, the company reported a 23% year-over-year increase in revenue for the last quarter, achieving $855.17 million, and met the consensus EPS estimate of $0.66.
• Ryan Specialty's recent quarterly dividend was $0.12 per share, leading to a 0.9% yield, although the company's dividend payout ratio stands at a high 137.14%.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $53.97 and last traded at $54.10, with a volume of 2715 shares changing hands. The stock had previously closed at $54.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Citigroup assumed coverage on Ryan Specialty in a report on Wednesday, August 13th. They set a "buy" rating and a $74.00 price target for the company. Wells Fargo & Company reduced their price target on Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. UBS Group reduced their target price on Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday, August 4th. Finally, Cantor Fitzgerald upgraded Ryan Specialty to a "hold" rating in a report on Wednesday, August 13th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.83.

Ryan Specialty Trading Down 0.1%

The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 147.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63. The business has a fifty day moving average price of $59.96 and a 200 day moving average price of $66.09. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting analysts' consensus estimates of $0.66. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The company had revenue of $855.17 million during the quarter, compared to analyst estimates of $837.52 million. During the same period in the previous year, the company earned $0.58 earnings per share. The company's quarterly revenue was up 23.0% compared to the same quarter last year. On average, equities analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RYAN. Montrusco Bolton Investments Inc. acquired a new position in shares of Ryan Specialty during the second quarter worth approximately $213,852,000. Norges Bank bought a new stake in shares of Ryan Specialty during the second quarter valued at approximately $88,305,000. Principal Financial Group Inc. increased its position in shares of Ryan Specialty by 66.4% during the first quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock valued at $225,404,000 after purchasing an additional 1,218,147 shares during the period. Millennium Management LLC increased its position in shares of Ryan Specialty by 1,111.4% during the fourth quarter. Millennium Management LLC now owns 1,174,086 shares of the company's stock valued at $75,329,000 after purchasing an additional 1,077,169 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Ryan Specialty during the second quarter valued at approximately $64,961,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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.