Ryan Specialty (NYSE:RYAN) Hits New 12-Month Low – What’s Next?

Ryan Specialty Holdings Inc. (NYSE:RYAN) reached a new 52-week low on Wednesday . The company traded as low as $46.18 and last traded at $46.5130, with a volume of 2767250 shares. The stock had previously closed at $50.22.

Analysts Set New Price Targets

A number of analysts have recently commented on RYAN shares. JPMorgan Chase & Co. reduced their target price on Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. Morgan Stanley set a $61.00 price objective on shares of Ryan Specialty in a research report on Tuesday, December 16th. Jefferies Financial Group started coverage on shares of Ryan Specialty in a research report on Monday, December 1st. They issued a “hold” rating and a $64.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Ryan Specialty from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, TD Cowen reiterated a “buy” rating on shares of Ryan Specialty in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Ryan Specialty Price Performance

The firm has a market capitalization of $12.50 billion, a PE ratio of 102.98, a price-to-earnings-growth ratio of 1.20 and a beta of 0.63. The stock’s 50 day simple moving average is $52.76 and its two-hundred day simple moving average is $55.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $754.58 million during the quarter, compared to analysts’ expectations of $742.35 million. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, sell-side analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Insider Buying and Selling at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 12,553 shares of the company’s stock, valued at approximately $672,966.33. This represents a 91.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 52.21% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Ryan Specialty by 21.1% during the 3rd quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock worth $247,576,000 after buying an additional 765,428 shares during the last quarter. Montrusco Bolton Investments Inc. increased its stake in Ryan Specialty by 9.3% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock worth $218,010,000 after acquiring an additional 368,247 shares during the last quarter. Champlain Investment Partners LLC raised its position in Ryan Specialty by 76.9% in the third quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock valued at $172,800,000 after purchasing an additional 1,332,773 shares during the period. Blair William & Co. IL raised its position in Ryan Specialty by 1.1% in the second quarter. Blair William & Co. IL now owns 2,814,195 shares of the company’s stock valued at $191,337,000 after purchasing an additional 29,279 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Ryan Specialty by 3.9% during the second quarter. Geode Capital Management LLC now owns 2,018,275 shares of the company’s stock valued at $137,244,000 after acquiring an additional 75,598 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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.