Ryan Specialty (NYSE:RYAN) Given New $52.00 Price Target at Royal Bank Of Canada

Ryan Specialty (NYSE:RYAN) had its target price cut by Royal Bank Of Canada from $55.00 to $52.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings raised Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Barclays increased their target price on Ryan Specialty from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Cantor Fitzgerald raised their target price on Ryan Specialty from $34.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Mizuho dropped their price target on Ryan Specialty from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Finally, Morgan Stanley upped their price target on Ryan Specialty from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ryan Specialty presently has an average rating of “Hold” and an average target price of $52.03.

Ryan Specialty Stock Up 1.3%

Shares of Ryan Specialty stock opened at $43.83 on Friday. Ryan Specialty has a 12-month low of $29.28 and a 12-month high of $58.94. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. The stock has a 50 day moving average price of $40.42 and a two-hundred day moving average price of $39.17. The stock has a market capitalization of $11.21 billion, a P/E ratio of 54.11, a PEG ratio of 0.89 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $789.96 million for the quarter, compared to the consensus estimate of $792.99 million. Ryan Specialty had a net margin of 8.25% and a return on equity of 45.09%. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts expect that Ryan Specialty will post 2.17 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, November 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.52 annualized dividend and a yield of 1.2%. Ryan Specialty’s dividend payout ratio is 64.20%.

Institutional Trading of Ryan Specialty

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Ryan Specialty by 70.0% during the 2nd quarter. Allworth Financial LP now owns 787 shares of the company’s stock worth $30,000 after buying an additional 324 shares during the period. Arizona State Retirement System grew its stake in Ryan Specialty by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 30,415 shares of the company’s stock valued at $1,148,000 after buying an additional 342 shares during the last quarter. Parallel Advisors LLC raised its holdings in Ryan Specialty by 54.9% in the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after acquiring an additional 359 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Ryan Specialty by 1.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 32,400 shares of the company’s stock valued at $1,093,000 after acquiring an additional 398 shares during the period. Finally, Signaturefd LLC raised its holdings in Ryan Specialty by 12.1% in the 3rd quarter. Signaturefd LLC now owns 5,450 shares of the company’s stock valued at $202,000 after acquiring an additional 587 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty News Summary

Here are the key news stories impacting Ryan Specialty this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Ryan Specialty reported adjusted EPS of $0.51, up from $0.47 a year earlier and above the $0.49 analyst consensus. Revenue increased 4.7% to approximately $790 million, while net income rose 40.6% to $88 million. Ryan Specialty Q3 earnings and revenue beat estimates
• Positive Sentiment: Capital returns remain supportive: The company returned $173.7 million to shareholders during the quarter, including $150 million in share repurchases. It also declared a quarterly dividend of $0.13 per share, equivalent to a $0.52 annualized payout and roughly a 1.2% yield.
• Positive Sentiment: RBC remains bullish: Royal Bank of Canada maintained an “outperform” rating, implying substantial upside from recent levels, although it reduced its price target from $55 to $52. RBC lowers Ryan Specialty price target
• Neutral Sentiment: Analyst sentiment is mixed: Ryan Specialty received a “hold” rating from a broader group of Wall Street analysts, balancing RBC’s positive view and the company’s earnings performance.
• Negative Sentiment: Organic growth slowed: Q3 organic revenue growth was 4%, raising concerns that expansion is moderating despite the earnings beat. The company maintained its full-year mid-single-digit organic growth outlook. Ryan Specialty organic growth slows to 4%
• Negative Sentiment: Profitability guidance softened: Management indicated that full-year adjusted EBITDAC margin could decline by roughly 50 basis points from the prior year, creating a headwind for valuation and future earnings growth.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.