Ryan Specialty (NYSE:RYAN) Reaches New 52-Week Low – Here’s Why

Ryan Specialty Holdings Inc. (NYSE:RYAN) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.23 and last traded at $34.0340, with a volume of 226382 shares changing hands. The stock had previously closed at $35.98.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings cut shares of Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Mizuho cut their price target on shares of Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group assumed coverage on shares of Ryan Specialty in a report on Monday, December 1st. They issued a “hold” rating and a $64.00 price target for the company. Keefe, Bruyette & Woods dropped their price objective on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Cantor Fitzgerald cut their target price on Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.69.

Ryan Specialty Stock Down 0.8%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The business’s 50-day simple moving average is $43.38 and its 200-day simple moving average is $50.60. The company has a market capitalization of $9.18 billion, a PE ratio of 82.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.65.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data 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 net margin of 7.02% and a return on equity of 46.41%. The business had revenue of $751.21 million during the quarter, compared to analysts’ expectations of $777.43 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.5%. Ryan Specialty’s dividend payout ratio is currently 123.81%.

Insiders Place Their Bets

In related news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of Ryan Specialty stock in a transaction 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 purchase, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. This represents a 6.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 52.21% of the company’s stock.

Institutional Trading of Ryan Specialty

Several hedge funds and other institutional investors have recently bought and sold shares of RYAN. Los Angeles Capital Management LLC purchased a new position in Ryan Specialty during the fourth quarter valued at approximately $25,000. Advisory Services Network LLC purchased a new stake in Ryan Specialty in the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its stake in shares of 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 purchasing an additional 569 shares during the period. MAI Capital Management grew its stake in shares of Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after purchasing an additional 188 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock valued at $34,000 after purchasing an additional 242 shares in the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

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.