Ryan Specialty (NYSE:RYAN) Reaches New 52-Week Low – Here’s What Happened

Ryan Specialty Holdings Inc. (NYSE:RYAN) shares hit a new 52-week low on Tuesday . The company traded as low as $55.70 and last traded at $55.58, with a volume of 124742 shares changing hands. The stock had previously closed at $56.53.

Analyst Upgrades and Downgrades

RYAN has been the topic of a number of research reports. UBS Group cut their price objective on shares of Ryan Specialty from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Citigroup assumed coverage on shares of Ryan Specialty in a research note on Wednesday, August 13th. They set a “buy” rating and a $74.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. The Goldman Sachs Group raised shares of Ryan Specialty from a “neutral” rating to a “buy” rating and increased their target price for the stock from $74.00 to $81.00 in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Ryan Specialty currently has a consensus rating of “Moderate Buy” and an average price target of $74.83.

Ryan Specialty Trading Down 1.9%

The company has a market cap of $14.63 billion, a price-to-earnings ratio of 158.46, a P/E/G ratio of 1.57 and a beta of 0.64. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The firm’s 50-day moving average price is $62.45 and its 200 day moving average price is $67.00.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $855.17 million during the quarter, compared to the consensus estimate of $837.52 million. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. As a group, equities analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Ryan Specialty’s dividend payout ratio (DPR) is 137.14%.

Insider Activity at Ryan Specialty

In related news, EVP Mark Stephen Katz sold 14,377 shares of Ryan Specialty stock in a transaction on Friday, June 13th. The shares were sold at an average price of $65.84, for a total value of $946,581.68. Following the completion of the sale, the executive vice president owned 1,117 shares of the company’s stock, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 52.21% of the stock is currently owned by company insiders.

Institutional Trading of Ryan Specialty

Several hedge funds have recently bought and sold shares of RYAN. Hsbc Holdings PLC grew its position in Ryan Specialty by 16.4% in the 4th quarter. Hsbc Holdings PLC now owns 3,654 shares of the company’s stock valued at $234,000 after purchasing an additional 514 shares during the period. Susquehanna International Group LLP grew its position in Ryan Specialty by 31.1% in the 4th quarter. Susquehanna International Group LLP now owns 39,593 shares of the company’s stock valued at $2,540,000 after purchasing an additional 9,393 shares during the period. The Manufacturers Life Insurance Company grew its position in Ryan Specialty by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 85,528 shares of the company’s stock valued at $5,487,000 after purchasing an additional 2,119 shares during the period. Northern Trust Corp lifted its stake in Ryan Specialty by 20.5% during the 4th quarter. Northern Trust Corp now owns 891,112 shares of the company’s stock valued at $57,174,000 after acquiring an additional 151,391 shares in the last quarter. Finally, Aptus Capital Advisors LLC bought a new position in Ryan Specialty during the 4th quarter valued at $334,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

About Ryan Specialty

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.