Ryan Specialty Holdings, Inc. (NYSE:RYAN) Receives $75.27 Average PT from Analysts

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $75.27.

Several brokerages have recently commented on RYAN. Wells Fargo & Company boosted their target price on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Barclays lifted their price target on Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Morgan Stanley began coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. Royal Bank of Canada cut their price target on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Finally, UBS Group lifted their price target on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

Insiders Place Their Bets

In other news, Director Nicholas Dominic Cortezi sold 10,485 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $65.12, for a total value of $682,783.20. Following the completion of the sale, the director now directly owns 11,109 shares of the company’s stock, valued at $723,418.08. This represents a 48.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 281,451 shares of company stock valued at $18,549,143. 11.10% of the stock is currently owned by insiders.

Institutional Trading of Ryan Specialty

Institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in shares of Ryan Specialty in the 3rd quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new position in shares of Ryan Specialty in the 4th quarter valued at approximately $27,000. Assetmark Inc. acquired a new position in shares of Ryan Specialty in the 3rd quarter valued at approximately $34,000. Kapitalo Investimentos Ltda acquired a new position in shares of Ryan Specialty in the 4th quarter valued at approximately $36,000. Finally, Principal Securities Inc. grew its position in shares of Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company’s stock valued at $43,000 after purchasing an additional 415 shares during the period. 84.82% of the stock is owned by institutional investors.

Ryan Specialty Stock Down 1.4 %

Shares of NYSE:RYAN opened at $68.32 on Friday. Ryan Specialty has a 52 week low of $48.48 and a 52 week high of $75.97. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average is $66.97 and its 200-day moving average is $67.68. The company has a market capitalization of $17.89 billion, a PE ratio of 99.01, a P/E/G ratio of 1.19 and a beta of 0.71.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $663.53 million during the quarter, compared to analyst estimates of $658.80 million. Equities research analysts predict that Ryan Specialty will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.12 per share. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, March 4th. Ryan Specialty’s payout ratio is currently 69.57%.

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.