Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock Has Average Target Price of $52.97

Ryan Specialty Holdings Inc. (NYSE:RYAN) has received a consensus recommendation of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $52.32.

A number of research firms have weighed in on RYAN. Keefe, Bruyette & Woods upped their price objective on shares of Ryan Specialty from $48.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Ryan Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group boosted their target price on shares of Ryan Specialty from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. UBS Group upped their price target on shares of Ryan Specialty from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley raised their price target on shares of Ryan Specialty from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th.

Ryan Specialty Stock Down 2.1%

Shares of RYAN opened at $37.01 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.51. Ryan Specialty has a 12 month low of $29.28 and a 12 month high of $58.94. The stock’s 50 day moving average is $40.79 and its two-hundred day moving average is $37.63. The firm has a market cap of $9.47 billion, a P/E ratio of 51.40, a PEG ratio of 0.75 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.14. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%. The business had revenue of $916.65 million during the quarter, compared to the consensus estimate of $873.93 million. During the same period in the prior year, the company posted $0.66 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that Ryan Specialty will post 2.18 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 11th. Ryan Specialty’s dividend payout ratio (DPR) is 72.22%.

Institutional Trading of Ryan Specialty

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP raised its stake in Ryan Specialty by 70.0% in the 2nd quarter. Allworth Financial LP now owns 787 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC boosted its stake in 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. Integrated Wealth Concepts LLC purchased a new stake in shares of Ryan Specialty during the second quarter worth $73,000. KERR FINANCIAL PLANNING Corp grew its holdings in shares of Ryan Specialty by 83.7% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 2,203 shares of the company’s stock worth $77,000 after buying an additional 1,004 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Ryan Specialty by 491.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,532 shares of the company’s stock valued at $79,000 after buying an additional 1,273 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.