Ryan Specialty (NYSE:RYAN) Reaches New 1-Year Low – Should You Sell?

Ryan Specialty Holdings Inc. (NYSE:RYAN) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $34.23 and last traded at $34.0340, with a volume of 226382 shares traded. The stock had previously closed at $35.98.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group set a $61.00 price objective on Ryan Specialty in a report on Wednesday, January 7th. Barclays dropped their target price on Ryan Specialty from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Jefferies Financial Group assumed coverage on shares of Ryan Specialty in a report on Monday, December 1st. They issued a “hold” rating and a $64.00 price target on the stock. Royal Bank Of Canada started coverage on shares of Ryan Specialty in a research note on Tuesday. They set an “outperform” rating and a $45.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.69.

Ryan Specialty Trading Down 5.0%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 81.30, a PEG ratio of 0.94 and a beta of 0.65. The company has a fifty day moving average price of $44.00 and a 200-day moving average price of $50.82.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The company had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The firm’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, research analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. Ryan Specialty’s dividend payout ratio is 123.81%.

Insider Buying and Selling at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was purchased at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the acquisition, the director directly owned 428,295 shares in the company, valued at $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 52.21% of the stock is currently owned by company insiders.

Institutional Trading of Ryan Specialty

A number of hedge funds have recently added to or reduced their stakes in RYAN. Fund Advisors of America Inc FL acquired a new stake in Ryan Specialty during the fourth quarter valued at $277,000. Corient Private Wealth LLC raised its position in shares of Ryan Specialty by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 17,807 shares of the company’s stock worth $919,000 after acquiring an additional 840 shares during the period. EJMK Ventures LLC acquired a new position in shares of Ryan Specialty in the fourth quarter worth about $1,137,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ryan Specialty by 491.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,532 shares of the company’s stock worth $79,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Ryan Specialty by 21.3% during the 4th quarter. Pacer Advisors Inc. now owns 17,988 shares of the company’s stock worth $929,000 after acquiring an additional 3,155 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

About Ryan Specialty

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.