Ryan Specialty (NYSE:RYAN) Hits New 1-Year Low – What’s Next?

Ryan Specialty Holdings Inc. (NYSE:RYAN)’s share price hit a new 52-week low on Tuesday . The company traded as low as $36.92 and last traded at $36.4670, with a volume of 122770 shares. The stock had previously closed at $37.84.

Analyst Ratings Changes

Several research firms have commented on RYAN. Jefferies Financial Group started coverage on Ryan Specialty in a research report on Monday, December 1st. They issued a “hold” rating and a $64.00 price objective on the stock. UBS Group decreased their target price on Ryan Specialty from $71.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Wells Fargo & Company lowered their target price on Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Piper Sandler dropped their target price on Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Finally, BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $66.00 to $43.00 in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and a consensus target price of $56.40.

Ryan Specialty Stock Down 0.2%

The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 86.64, a P/E/G ratio of 0.95 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The firm has a 50 day moving average price of $45.27 and a two-hundred day moving average price of $51.46.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The business had revenue of $751.21 million during the quarter, compared to analyst estimates of $777.43 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.13 per share. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. Ryan Specialty’s dividend payout ratio (DPR) is currently 123.81%.

Insider Buying and Selling

In related news, Director Patrick G. Ryan, Jr. purchased 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the completion of the purchase, the director owned 428,295 shares in the company, valued at approximately $17,114,668.20. This represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy William Turner sold 129,570 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the completion of the sale, the chief executive officer directly owned 12,553 shares in the company, valued at $672,966.33. This represents a 91.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 52.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ryan Specialty

A number of institutional investors have recently modified their holdings of RYAN. Ameritas Investment Partners Inc. grew its stake in Ryan Specialty by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock worth $1,190,000 after purchasing an additional 185 shares in the last quarter. MAI Capital Management raised its stake in Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after buying an additional 188 shares in the last quarter. Baker Tilly Wealth Management LLC raised its stake in Ryan Specialty by 5.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $203,000 after buying an additional 192 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Ryan Specialty by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock worth $1,848,000 after buying an additional 203 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Ryan Specialty by 16.8% during the 4th quarter. Covestor Ltd now owns 1,467 shares of the company’s stock worth $76,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

About Ryan Specialty

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.