Brokerages Set Ryan Specialty Holdings, Inc. (NYSE:RYAN) Price Target at $54.25

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $54.25.

A number of research analysts have weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Wells Fargo & Company raised their target price on Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. boosted their target price on Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Citigroup increased their price target on Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th.

Ryan Specialty Trading Up 0.6 %

NYSE:RYAN opened at $51.52 on Thursday. Ryan Specialty has a 52 week low of $39.44 and a 52 week high of $56.51. The firm has a 50-day moving average price of $51.68 and a two-hundred day moving average price of $46.90. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 101.02 and a beta of 0.52.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $532.90 million during the quarter, compared to the consensus estimate 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 was up 22.5% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Ryan Specialty will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

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

Institutional Investors Weigh In On Ryan Specialty

Institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System bought a new position in shares of Ryan Specialty in the 3rd quarter worth $5,041,000. American Century Companies Inc. increased its stake in Ryan Specialty by 17.7% in the third quarter. American Century Companies Inc. now owns 1,624,944 shares of the company’s stock valued at $78,647,000 after acquiring an additional 244,490 shares during the last quarter. Boston Partners purchased a new stake in Ryan Specialty during the third quarter valued at about $50,090,000. Algert Global LLC bought a new stake in Ryan Specialty during the third quarter worth about $1,706,000. Finally, UBS Group AG boosted its holdings in shares of Ryan Specialty by 134.9% in the 3rd quarter. UBS Group AG now owns 138,413 shares of the company’s stock worth $6,699,000 after purchasing an additional 79,478 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

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.