Ryan Specialty (NYSE:RYAN) Trading Down 5.8% – Time to Sell?

Ryan Specialty Holdings Inc. (NYSE:RYAN) dropped 5.8% during mid-day trading on Tuesday . The company traded as low as $47.49 and last traded at $47.29. Approximately 330,503 shares were traded during trading, a decline of 74% from the average daily volume of 1,283,633 shares. The stock had previously closed at $50.22.

Analyst Ratings Changes

A number of research firms have recently weighed in on RYAN. Mizuho set a $60.00 target price on shares of Ryan Specialty in a research report on Wednesday, January 14th. BMO Capital Markets reduced their price objective on Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. The Goldman Sachs Group set a $61.00 target price on Ryan Specialty in a research note on Wednesday, January 7th. TD Cowen reaffirmed a “buy” rating on shares of Ryan Specialty in a research report on Wednesday, November 26th. Finally, Piper Sandler initiated coverage on Ryan Specialty in a report on Thursday, November 20th. They issued a “neutral” rating and a $60.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Ryan Specialty Stock Down 7.5%

The company has a market cap of $12.26 billion, a P/E ratio of 101.00, a P/E/G ratio of 1.26 and a beta of 0.63. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $53.33 and its two-hundred day moving average is $55.80.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, October 30th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $754.58 million during the quarter, compared to analyst estimates of $742.35 million. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. As a group, equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a $0.12 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.0%. Ryan Specialty’s dividend payout ratio (DPR) is currently 104.35%.

Insider Activity at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $53.61, for a total value of $6,946,247.70. Following the transaction, the chief executive officer owned 12,553 shares of the company’s stock, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 52.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryan Specialty

Several institutional investors have recently bought and sold shares of RYAN. Advisory Services Network LLC bought a new position in Ryan Specialty during the third quarter valued at $28,000. Golden State Wealth Management LLC raised its holdings in shares of Ryan Specialty by 10,975.0% in the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after buying an additional 439 shares during the period. MAI Capital Management lifted its stake in shares of Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after acquiring an additional 188 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock valued at $34,000 after acquiring an additional 242 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Ryan Specialty by 83.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock valued at $35,000 after acquiring an additional 273 shares during the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Company Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.