Ryan Specialty (NYSE:RYAN) Price Target Raised to $46.00

Ryan Specialty (NYSE:RYAN) had its price objective upped by investment analysts at Wells Fargo & Company from $41.00 to $46.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.95% from the company’s current price.

Several other brokerages have also recently commented on RYAN. Cantor Fitzgerald upped 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. Citigroup boosted their price target on shares of Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reduced their price objective on shares of Ryan Specialty from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday. Wolfe Research lowered shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Mizuho decreased their price objective on shares of Ryan Specialty from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.32.

Ryan Specialty Trading Down 0.0%

Shares of RYAN opened at $43.83 on Monday. Ryan Specialty has a 52-week low of $29.28 and a 52-week high of $58.94. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.00 and a current ratio of 1.01. The business’s fifty day moving average is $40.42 and its 200-day moving average is $39.17. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 0.90 and a beta of 0.54.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $789.96 million for the quarter, compared to the consensus estimate of $792.99 million. Ryan Specialty had a return on equity of 47.77% and a net margin of 8.25%. During the same quarter last year, the business posted $0.47 EPS. Equities analysts anticipate that Ryan Specialty will post 2.17 EPS for the current fiscal year.

Institutional Trading of Ryan Specialty

Several hedge funds have recently added to or reduced their stakes in RYAN. Allworth Financial LP boosted its stake in Ryan Specialty by 70.0% in the second quarter. Allworth Financial LP now owns 787 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Ryan Specialty by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 30,415 shares of the company’s stock worth $1,148,000 after purchasing an additional 342 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Ryan Specialty by 54.9% during the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Ryan Specialty by 1.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 32,400 shares of the company’s stock worth $1,093,000 after purchasing an additional 398 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Ryan Specialty by 12.1% in the 3rd quarter. Signaturefd LLC now owns 5,450 shares of the company’s stock worth $202,000 after purchasing an additional 587 shares during the period. Institutional investors own 84.82% of the company’s stock.

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.