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

Ryan Specialty Holdings Inc. (NYSE:RYAN)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $31.73 and last traded at $31.7770, with a volume of 15600 shares trading hands. The stock had previously closed at $31.74.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RYAN. Cantor Fitzgerald decreased their price target on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings cut Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. UBS Group decreased their target price on Ryan Specialty from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Piper Sandler lowered their target price on Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Finally, Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 13th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.50.

Ryan Specialty Stock Up 2.3%

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 firm has a market cap of $8.91 billion, a price-to-earnings ratio of 80.33, a PEG ratio of 0.86 and a beta of 0.65. The firm’s 50 day simple moving average is $40.57 and its two-hundred day simple moving average is $49.41.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $777.43 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a dividend of $0.13 per share. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Ryan Specialty’s dividend payout ratio (DPR) is currently 123.81%.

Insider Buying and Selling

In related news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the acquisition, the director directly owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 52.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RYAN. Vulcan Value Partners LLC lifted its position in Ryan Specialty by 631.7% during the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock worth $238,536,000 after purchasing an additional 3,989,502 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Ryan Specialty by 79.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock valued at $389,910,000 after buying an additional 3,353,926 shares in the last quarter. Independent Franchise Partners LLP acquired a new position in shares of Ryan Specialty in the 3rd quarter valued at approximately $95,798,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Ryan Specialty by 1,510.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,610,000 shares of the company’s stock worth $83,124,000 after acquiring an additional 1,510,000 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in shares of Ryan Specialty by 76.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock worth $172,800,000 after acquiring an additional 1,332,773 shares during the period. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Company Profile

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.