Ryan Specialty (NYSE:RYAN) Hits New 12-Month Low – What’s Next?

Ryan Specialty Holdings Inc. (NYSE:RYAN) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $31.73 and last traded at $31.7770, with a volume of 15600 shares trading hands. The stock had previously closed at $31.74.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RYAN shares. The Goldman Sachs Group set a $61.00 price objective on shares of Ryan Specialty in a report on Wednesday, January 7th. Cantor Fitzgerald cut their price target on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Jefferies Financial Group initiated coverage on shares of Ryan Specialty in a research report on Monday, December 1st. They issued a “hold” rating and a $64.00 price target for the company. Wells Fargo & Company dropped their price objective on Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Finally, Barclays dropped their price target on Ryan Specialty from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.50.

Ryan Specialty Price Performance

The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 78.37, a PEG ratio of 0.83 and a beta of 0.65. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day moving average of $41.31 and a 200-day moving average of $49.67.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.05). The firm had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, equities research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 24th. Ryan Specialty’s payout ratio is 123.81%.

Insider Buying and Selling at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the transaction, the director directly owned 428,295 shares in the company, valued at $17,114,668.20. This trade represents a 6.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryan Specialty

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vulcan Value Partners LLC raised its holdings in shares of Ryan Specialty by 631.7% in the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Ryan Specialty by 79.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock valued at $389,910,000 after acquiring an additional 3,353,926 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Ryan Specialty during the 3rd quarter valued at $95,798,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Ryan Specialty by 1,510.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,610,000 shares of the company’s stock worth $83,124,000 after acquiring an additional 1,510,000 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings 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 worth $172,800,000 after acquiring an additional 1,332,773 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

About Ryan Specialty

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.