Ryan Specialty’s (RYAN) “Outperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Ryan Specialty (NYSE:RYAN) in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a $62.00 target price on the stock.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company raised their target price on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Wolfe Research cut Ryan Specialty from an outperform rating to a peer perform rating in a research report on Monday, May 6th. JMP Securities reissued a market perform rating on shares of Ryan Specialty in a research report on Monday, April 15th. Bank of America assumed coverage on Ryan Specialty in a research report on Wednesday, May 22nd. They set a buy rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Ryan Specialty from $47.00 to $49.00 and gave the stock an underweight rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ryan Specialty currently has an average rating of Hold and a consensus price target of $55.67.

Ryan Specialty Stock Up 0.2 %

Shares of NYSE:RYAN opened at $57.46 on Tuesday. The stock’s 50-day moving average is $54.53 and its 200 day moving average is $50.18. The company has a market cap of $14.97 billion, a PE ratio of 108.42, a P/E/G ratio of 1.49 and a beta of 0.62. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. Ryan Specialty has a 1 year low of $41.49 and a 1 year high of $61.29.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Ryan Specialty had a return on equity of 45.87% and a net margin of 9.15%. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $549.06 million. During the same period last year, the company earned $0.26 EPS. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. Sell-side analysts anticipate that Ryan Specialty will post 1.77 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. Ryan Specialty’s dividend payout ratio is currently 83.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in Ryan Specialty by 192.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after acquiring an additional 361 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Ryan Specialty by 96.4% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after purchasing an additional 297 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Ryan Specialty by 1,283.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock valued at $43,000 after purchasing an additional 937 shares in the last quarter. Intelligent Financial Strategies purchased a new stake in shares of Ryan Specialty during the first quarter valued at $44,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Ryan Specialty during the first quarter valued at $45,000. Institutional investors 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.