Ryan Specialty (NYSE:RYAN) Stock Rating Reaffirmed by JMP Securities

JMP Securities restated their market perform rating on shares of Ryan Specialty (NYSE:RYAN) in a research report sent to investors on Monday, Benzinga reports.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. lifted their price target on Ryan Specialty from $47.00 to $49.00 and gave the stock an underweight rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on Ryan Specialty from $57.00 to $58.00 and gave the company an overweight rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target on Ryan Specialty from $56.00 to $62.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Finally, Citigroup boosted their target price on Ryan Specialty from $49.00 to $52.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ryan Specialty presently has an average rating of Hold and a consensus target price of $54.25.

Ryan Specialty Stock Up 1.1 %

Shares of NYSE RYAN opened at $50.30 on Monday. The company has a market cap of $13.09 billion, a P/E ratio of 98.63 and a beta of 0.52. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.98. The business has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $46.84. Ryan Specialty has a 52 week low of $39.44 and a 52 week high of $56.51.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $532.90 million for the quarter, compared to analysts’ expectations of $524.08 million. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. Ryan Specialty’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. Research analysts anticipate that Ryan Specialty will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a None dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.34 dividend. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio (DPR) is 86.27%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Ryan Specialty by 192.0% in the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after purchasing an additional 361 shares during the last quarter. Comerica Bank purchased a new position in shares of Ryan Specialty in the third quarter worth $34,000. Royal Bank of Canada raised its stake in shares of Ryan Specialty by 524.8% in the first quarter. Royal Bank of Canada now owns 781 shares of the company’s stock worth $31,000 after purchasing an additional 656 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Ryan Specialty by 1,283.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after purchasing an additional 937 shares during the last quarter. Finally, American International Group Inc. purchased a new position in shares of Ryan Specialty in the second quarter worth $50,000. Hedge funds and other institutional investors 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.