Brokerages Set Ryan Specialty Holdings, Inc. (NYSE:RYAN) Target Price at $58.50

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) have been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $59.00.

Several research firms have weighed in on RYAN. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $62.00 price objective on shares of Ryan Specialty in a research note on Tuesday, July 2nd. UBS Group boosted their target price on shares of Ryan Specialty from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday. Wolfe Research downgraded shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research report on Monday, May 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Ryan Specialty in a research report on Monday, April 15th.

Institutional Investors Weigh In On Ryan Specialty

A number of hedge funds have recently added to or reduced their stakes in RYAN. GAMMA Investing LLC grew its holdings in Ryan Specialty by 96.4% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after acquiring an additional 297 shares during the last quarter. Crewe Advisors LLC bought a new stake in Ryan Specialty during the 2nd quarter worth about $39,000. Parkside Financial Bank & Trust grew its holdings in Ryan Specialty by 1,283.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after acquiring an additional 937 shares during the last quarter. Intelligent Financial Strategies bought a new stake in Ryan Specialty during the 1st quarter worth about $44,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Ryan Specialty during the 1st quarter worth about $45,000. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Up 9.7 %

NYSE RYAN opened at $68.56 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day simple moving average is $57.18 and its 200 day simple moving average is $52.61. Ryan Specialty has a 12 month low of $41.49 and a 12 month high of $69.03. The company has a market capitalization of $17.86 billion, a P/E ratio of 129.36, a PEG ratio of 1.60 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ryan Specialty had a net margin of 9.15% and a return on equity of 45.87%. The business had revenue of $695.40 million for the quarter, compared to analyst estimates of $695.56 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. Equities research analysts expect that Ryan Specialty will post 1.77 earnings per share for the current fiscal year.

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.