Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives $75.27 Consensus PT from Brokerages

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) has received a consensus rating of "Hold" from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.27.

A number of equities research analysts recently issued reports on RYAN shares. Morgan Stanley began coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They issued an "overweight" rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods lowered their target price on shares of Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Wells Fargo & Company upped their price target on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. UBS Group raised their price target on Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Barclays boosted their price objective on Ryan Specialty from $76.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st.

Insiders Place Their Bets

In other news, Director Nicholas Dominic Cortezi sold 10,485 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $65.12, for a total transaction of $682,783.20. Following the completion of the transaction, the director now directly owns 11,109 shares of the company's stock, valued at approximately $723,418.08. This trade represents a 48.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 316,451 shares of company stock worth $20,907,793. 11.10% of the stock is currently owned by company insiders.

Remove Ads

Institutional Trading of Ryan Specialty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAN. Hollencrest Capital Management acquired a new stake in Ryan Specialty during the third quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new stake in Ryan Specialty in the 4th quarter valued at $27,000. Assetmark Inc. bought a new stake in Ryan Specialty in the third quarter valued at $34,000. Kapitalo Investimentos Ltda acquired a new position in Ryan Specialty during the fourth quarter worth $36,000. Finally, Principal Securities Inc. lifted its holdings in shares of Ryan Specialty by 164.7% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after acquiring an additional 415 shares during the period. Institutional investors own 84.82% of the company's stock.

Ryan Specialty Trading Up 2.5 %

Ryan Specialty stock traded up $1.69 during midday trading on Friday, reaching $69.87. The stock had a trading volume of 696,615 shares, compared to its average volume of 970,585. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 101.35, a PEG ratio of 1.19 and a beta of 0.71. Ryan Specialty has a twelve month low of $48.48 and a twelve month high of $75.97. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm's fifty day simple moving average is $66.75 and its two-hundred day simple moving average is $67.66.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The firm had revenue of $663.53 million for the quarter, compared to analysts' expectations of $658.80 million. Equities analysts anticipate that Ryan Specialty will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a $0.12 dividend. This is a boost from Ryan Specialty's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 4th. This represents a $0.48 annualized dividend and a yield of 0.69%. Ryan Specialty's dividend payout ratio is 69.57%.

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.