Ryan Specialty (NYSE:RYAN) Stock Price Expected to Rise, UBS Group Analyst Says

Ryan Specialty (NYSE:RYAN) had its price target lifted by UBS Group from $82.00 to $84.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research analysts also recently commented on RYAN. Barclays increased their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Morgan Stanley started coverage on shares of Ryan Specialty in a research note on Thursday, December 5th. They issued an “overweight” rating and a $90.00 target price for the company. Keefe, Bruyette & Woods decreased their price target on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada reduced their price objective on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.27.

Ryan Specialty Trading Down 0.0 %

Ryan Specialty stock opened at $68.98 on Wednesday. Ryan Specialty has a 12 month low of $46.71 and a 12 month high of $75.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The business has a 50 day moving average price of $65.76 and a two-hundred day moving average price of $67.35. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 99.97, a price-to-earnings-growth ratio of 1.19 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The company had revenue of $663.53 million during the quarter, compared to analyst estimates of $658.80 million. As a group, equities analysts forecast that Ryan Specialty will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s payout ratio is presently 69.57%.

Insider Transactions at Ryan Specialty

In related news, Director Nicholas Dominic Cortezi sold 10,485 shares of Ryan Specialty stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $65.12, for a total value of $682,783.20. Following the sale, the director now owns 11,109 shares of the company’s stock, valued at approximately $723,418.08. This trade represents a 48.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 316,451 shares of company stock valued at $20,907,793 over the last quarter. Corporate insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

Hedge funds have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new position in Ryan Specialty during the third quarter worth $25,000. Rakuten Securities Inc. bought a new position in shares of Ryan Specialty in the 4th quarter valued at about $27,000. Assetmark Inc. bought a new position in shares of Ryan Specialty in the 3rd quarter valued at about $34,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Ryan Specialty in the fourth quarter valued at about $36,000. Finally, Principal Securities Inc. raised its holdings in Ryan Specialty by 164.7% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after acquiring an additional 415 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

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.