Ryan Specialty Holdings Inc. (NYSE:RYAN) Receives $53.86 Consensus Target Price from Brokerages

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have been given an average rating of “Hold” by the nineteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $53.2647.

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Ryan Specialty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. UBS Group boosted their price objective on shares of Ryan Specialty from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Cantor Fitzgerald upped their price objective on Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods increased their target price on Ryan Specialty from $48.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Zacks Research upgraded Ryan Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th.

Ryan Specialty Stock Performance

NYSE RYAN opened at $39.73 on Thursday. The business’s 50-day moving average price is $42.24 and its 200 day moving average price is $37.54. Ryan Specialty has a twelve month low of $29.28 and a twelve month high of $59.19. The company has a market capitalization of $10.16 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.51.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $916.65 million during the quarter, compared to analysts’ expectations of $873.93 million. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. On average, research analysts predict that Ryan Specialty will post 2.18 earnings per share for the current year.

Ryan Specialty announced that its board has initiated a share buyback program on Tuesday, May 26th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. Ryan Specialty’s payout ratio is presently 72.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its position in Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 569 shares in the last quarter. Allworth Financial LP grew its position in Ryan Specialty by 70.0% in the second quarter. Allworth Financial LP now owns 787 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Ryan Specialty by 54.9% during the first quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Ryan Specialty during the second quarter worth $73,000. Finally, Covestor Ltd lifted its position in shares of Ryan Specialty by 16.8% during the fourth quarter. Covestor Ltd now owns 1,467 shares of the company’s stock worth $76,000 after purchasing an additional 211 shares in the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a global specialty insurance organization that provides distribution, underwriting and product-development solutions for complex, hard-to-place risks. The company primarily serves insurance brokers, agents, carriers and other market participants that require specialized expertise, capacity and tailored coverage.

Its businesses include wholesale brokerage, managing general underwriting and delegated underwriting operations, as well as specialty insurance products and services.