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

Ryan Specialty Holdings, Inc. (NYSE:RYAN) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $54.25.

Several research firms recently weighed in on RYAN. Keefe, Bruyette & Woods increased their price target on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company increased their target price 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. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Finally, Citigroup boosted their target price on Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th.

Institutional Trading of Ryan Specialty

A number of hedge funds have recently bought and sold shares of RYAN. Ensign Peak Advisors Inc raised its position in shares of Ryan Specialty by 1.2% in the 1st quarter. Ensign Peak Advisors Inc now owns 24,690 shares of the company’s stock valued at $994,000 after purchasing an additional 300 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Ryan Specialty by 1.1% during the first quarter. Envestnet Asset Management Inc. now owns 31,129 shares of the company’s stock worth $1,253,000 after buying an additional 325 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Ryan Specialty by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 41,273 shares of the company’s stock valued at $1,677,000 after buying an additional 325 shares during the last quarter. HighTower Advisors LLC lifted its position in Ryan Specialty by 4.7% during the 1st quarter. HighTower Advisors LLC now owns 7,564 shares of the company’s stock worth $305,000 after acquiring an additional 339 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Ryan Specialty by 192.0% in the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after purchasing an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Up 1.1 %

Shares of RYAN opened at $50.30 on Thursday. Ryan Specialty has a fifty-two week low of $39.44 and a fifty-two week high of $56.51. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The company’s fifty day moving average is $51.24 and its 200 day moving average is $46.84. The stock has a market capitalization of $13.09 billion, a PE ratio of 98.63 and a beta of 0.52.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $532.90 million for the quarter, compared to analysts’ expectations of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Sell-side analysts expect that Ryan Specialty will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently announced a None dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s payout ratio is 86.27%.

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.