Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock Has Average Price Target of $52.21

Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $52.15.

Several research analysts have commented on RYAN shares. Piper Sandler cut their target price on Ryan Specialty from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. JPMorgan Chase & Co. raised their price target on shares of Ryan Specialty from $39.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. UBS Group dropped their price objective on Ryan Specialty from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Monday. Finally, Atlantic Securities set a $69.00 price target on Ryan Specialty in a report on Wednesday, July 15th.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $45.67 on Friday. The firm’s 50 day moving average is $40.49 and its 200 day moving average is $39.12. The stock has a market capitalization of $11.68 billion, a P/E ratio of 56.39, a PEG ratio of 0.96 and a beta of 0.54. Ryan Specialty has a 12 month low of $29.28 and a 12 month high of $58.94. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 4.03.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $789.96 million for the quarter, compared to analysts’ expectations of $792.99 million. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, sell-side analysts anticipate that Ryan Specialty will post 2.17 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, November 10th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Ryan Specialty’s payout ratio is currently 64.20%.

Institutional Trading of Ryan Specialty

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in Ryan Specialty by 52.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,657 shares of the company’s stock valued at $172,000 after purchasing an additional 1,611 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Ryan Specialty by 2.5% during the third quarter. Kestra Advisory Services LLC now owns 11,827 shares of the company’s stock valued at $438,000 after buying an additional 292 shares during the period. Covestor Ltd increased its stake in shares of Ryan Specialty by 64.2% during the third quarter. Covestor Ltd now owns 1,956 shares of the company’s stock valued at $72,000 after buying an additional 765 shares during the period. Integrity Alliance LLC. bought a new position in shares of Ryan Specialty during the third quarter valued at approximately $1,040,000. Finally, Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Ryan Specialty during the third quarter valued at approximately $854,000. 84.82% of the stock is owned by institutional investors.

Ryan Specialty Company Profile

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.