Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives $67.67 Consensus PT from Analysts

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $70.33.

Several brokerages have recently issued reports on RYAN. Barclays began coverage on Ryan Specialty in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday. UBS Group upped their price objective on Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $62.00 price objective on shares of Ryan Specialty in a research report on Tuesday, July 2nd. Finally, BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, September 24th.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the completion of the sale, the executive vice president now directly owns 24,845 shares in the company, valued at $1,619,397.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ryan Specialty news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the completion of the sale, the executive vice president now directly owns 24,845 shares in the company, valued at $1,619,397.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Timothy William Turner sold 2,000,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the sale, the president now owns 8,095 shares of the company’s stock, valued at $505,532.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,107,136 shares of company stock worth $131,860,032. 11.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryan Specialty

Several institutional investors and hedge funds have recently added to or reduced their stakes in RYAN. UMB Bank n.a. grew its stake in shares of Ryan Specialty by 5.2% in the third quarter. UMB Bank n.a. now owns 5,224 shares of the company’s stock valued at $347,000 after buying an additional 256 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Ryan Specialty by 96.4% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after buying an additional 297 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of Ryan Specialty by 10.3% in the third quarter. CHICAGO TRUST Co NA now owns 4,838 shares of the company’s stock valued at $321,000 after buying an additional 450 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Ryan Specialty by 2.2% in the second quarter. Arizona State Retirement System now owns 28,246 shares of the company’s stock valued at $1,636,000 after buying an additional 611 shares in the last quarter. Finally, Precision Wealth Strategies LLC grew its stake in shares of Ryan Specialty by 4.1% in the first quarter. Precision Wealth Strategies LLC now owns 15,774 shares of the company’s stock valued at $875,000 after buying an additional 617 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Stock Up 1.9 %

RYAN opened at $71.76 on Thursday. The business’s fifty day moving average is $65.68 and its two-hundred day moving average is $58.69. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 112.13, a PEG ratio of 1.70 and a beta of 0.62. Ryan Specialty has a one year low of $41.49 and a one year high of $72.97.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, August 1st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $695.40 million for the quarter, compared to the consensus estimate of $695.56 million. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. Ryan Specialty’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Analysts anticipate that Ryan Specialty will post 1.81 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.11 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.44 annualized dividend and a yield of 0.61%. Ryan Specialty’s payout ratio is currently 68.75%.

About Ryan Specialty

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.