Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives Average Recommendation of “Hold” from Analysts

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) have received an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $55.67.

RYAN has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Wolfe Research lowered shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 6th. Bank of America initiated coverage on shares of Ryan Specialty in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Ryan Specialty by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 9,397,569 shares of the company’s stock worth $404,283,000 after buying an additional 198,945 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of Ryan Specialty by 28.0% in the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock valued at $274,022,000 after purchasing an additional 1,079,505 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Ryan Specialty by 2.6% in the first quarter. Blair William & Co. IL now owns 2,771,340 shares of the company’s stock valued at $153,809,000 after purchasing an additional 71,024 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ryan Specialty by 8.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,958,210 shares of the company’s stock valued at $84,242,000 after purchasing an additional 158,322 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Ryan Specialty by 33.9% in the first quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company’s stock valued at $106,886,000 after purchasing an additional 488,067 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Price Performance

Shares of RYAN opened at $56.78 on Tuesday. Ryan Specialty has a 1-year low of $41.49 and a 1-year high of $61.29. The stock has a market cap of $14.79 billion, a PE ratio of 107.13, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a fifty day moving average price of $54.12 and a 200 day moving average price of $49.97.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 45.87%. The firm had revenue of $552.00 million during the quarter, compared to analysts’ expectations of $549.06 million. During the same period in the previous year, the company earned $0.26 earnings per share. Ryan Specialty’s quarterly revenue was up 20.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryan Specialty will post 1.77 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.11 per share. The ex-dividend date was Monday, May 13th. This represents a $0.44 annualized dividend and a yield of 0.77%. Ryan Specialty’s payout ratio is currently 83.02%.

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.