Ryan Specialty (RYAN) – Investment Analysts’ Weekly Ratings Changes

Ryan Specialty (NYSE: RYAN) recently received a number of ratings updates from brokerages and research firms:

• 7/23/2024 – Ryan Specialty had its price target raised by analysts at Citigroup Inc. from $56.00 to $62.00. They now have a “neutral” rating on the stock.
• 7/11/2024 – Ryan Specialty had its price target raised by analysts at JPMorgan Chase & Co. from $49.00 to $54.00. They now have an “underweight” rating on the stock.
• 7/11/2024 – Ryan Specialty was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $60.00 price target on the stock, up previously from $58.00.
• 7/9/2024 – Ryan Specialty had its price target raised by analysts at UBS Group AG from $63.00 to $67.00. They now have a “buy” rating on the stock.
• 7/2/2024 – Ryan Specialty had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $62.00 price target on the stock.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded up $1.52 during trading on Friday, reaching $60.61. The company had a trading volume of 901,556 shares, compared to its average volume of 894,695. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $15.79 billion, a PE ratio of 114.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $61.29. The stock has a 50-day moving average price of $56.23 and a two-hundred day moving average price of $51.77.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $552.00 million for the quarter, compared to analyst estimates of $549.06 million. Ryan Specialty had a net margin of 9.15% and a return on equity of 45.87%. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. As a group, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were given a dividend of $0.11 per share. The ex-dividend date was Monday, May 13th. This represents a $0.44 annualized dividend and a yield of 0.73%. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.

Institutional Trading of Ryan Specialty

A number of hedge funds have recently added to or reduced their stakes in RYAN. SG Americas Securities LLC acquired a new position in shares of Ryan Specialty in the 4th quarter valued at $681,000. UMB Bank n.a. boosted its holdings in Ryan Specialty by 81.2% in the fourth quarter. UMB Bank n.a. now owns 4,968 shares of the company’s stock valued at $214,000 after acquiring an additional 2,226 shares during the last quarter. WoodTrust Financial Corp grew its position in Ryan Specialty by 18.5% during the fourth quarter. WoodTrust Financial Corp now owns 16,050 shares of the company’s stock valued at $691,000 after acquiring an additional 2,500 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Ryan Specialty by 26.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,512,036 shares of the company’s stock worth $65,048,000 after acquiring an additional 312,066 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ryan Specialty by 9.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,898 shares of the company’s stock worth $942,000 after purchasing an additional 1,896 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

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.