Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives Average Rating of “Hold” from Analysts

Ryan Specialty Holdings Inc. (NYSE:RYAN) has received an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $50.00.

A number of brokerages have commented on RYAN. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryan Specialty in a research note on Monday, May 4th. Mizuho increased their price target on shares of Ryan Specialty from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Atlantic Securities set a $69.00 price target on shares of Ryan Specialty in a report on Wednesday, July 15th. Wells Fargo & Company upped their price objective on Ryan Specialty from $31.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, Piper Sandler increased their price objective on Ryan Specialty from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th.

Insider Transactions at Ryan Specialty

In related news, Chairman Patrick G. Ryan acquired 120,000 shares of Ryan Specialty stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the acquisition, the chairman owned 13,817,859 shares in the company, valued at approximately $449,080,417.50. This represents a 0.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John W. Rogers, Jr. bought 7,500 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the transaction, the director directly owned 117,933 shares of the company’s stock, valued at $4,146,524.28. The trade was a 6.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 130,715 shares of company stock worth $4,263,590. 52.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryan Specialty

A number of institutional investors have recently made changes to their positions in RYAN. T. Rowe Price Investment Management Inc. raised its stake in shares of Ryan Specialty by 79.9% in 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 period. Capital World Investors boosted its position in shares of Ryan Specialty by 0.3% during the 4th quarter. Capital World Investors now owns 6,640,638 shares of the company’s stock worth $342,856,000 after purchasing an additional 17,082 shares during the period. Vulcan Value Partners LLC increased its holdings in Ryan Specialty by 631.7% in the 4th quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock valued at $238,536,000 after purchasing an additional 3,989,502 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Ryan Specialty by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock valued at $148,856,000 after purchasing an additional 37,339 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in Ryan Specialty by 9.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock valued at $218,010,000 after purchasing an additional 368,247 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Stock Up 6.5%

Shares of RYAN opened at $45.98 on Wednesday. Ryan Specialty has a 52-week low of $29.28 and a 52-week high of $65.45. The company has a market capitalization of $12.12 billion, a PE ratio of 59.71, a price-to-earnings-growth ratio of 0.94 and a beta of 0.61. The stock has a fifty day simple moving average of $37.03 and a two-hundred day simple moving average of $38.46. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm had revenue of $795.23 million for the quarter, compared to analysts’ expectations of $781.44 million. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts forecast that Ryan Specialty will post 2.06 EPS for the current year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty’s dividend payout ratio is 67.53%.

Ryan Specialty declared that its Board of Directors has approved a stock buyback plan on Tuesday, May 26th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Ryan Specialty Company Profile

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.