Ryan Specialty (NYSE:RYAN) Stock Price Target Raised at Mizuho

Ryan Specialty (NYSE:RYAN) had its price target increased by stock analysts at Mizuho from $40.00 to $48.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho‘s price target would indicate a potential upside of 0.57% from the stock’s previous close.

Other analysts also recently issued reports about the company. UBS Group decreased their price objective on Ryan Specialty from $55.00 to $52.00 and set a “buy” rating for the company in a report on Monday, November 2nd. JPMorgan Chase & Co. lifted their target price on Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on Ryan Specialty from $41.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Barclays upped their price target on Ryan Specialty from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.62.

Ryan Specialty Trading Up 3.4%

NYSE RYAN traded up $1.58 on Friday, hitting $47.73. The company’s stock had a trading volume of 428,522 shares, compared to its average volume of 2,196,539. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 4.03. Ryan Specialty has a 1-year low of $29.28 and a 1-year high of $58.91. The company’s 50-day moving average is $41.08 and its 200 day moving average is $39.00. The firm has a market cap of $12.01 billion, a PE ratio of 58.92, a PEG ratio of 0.99 and a beta of 0.54.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $789.96 million during the quarter, compared to the consensus estimate of $792.99 million. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, analysts predict that Ryan Specialty will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Ryan Specialty

In other news, CEO Benjamin Wuller sold 50,000 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $47.31, for a total transaction of $2,365,500.00. Following the completion of the sale, the chief executive officer directly owned 94,095 shares in the company, valued at $4,451,634.45. This represents a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 52.03% of the stock is currently owned by company insiders.

Institutional Trading of Ryan Specialty

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its position in shares of Ryan Specialty by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 39,657 shares of the company’s stock worth $1,467,000 after acquiring an additional 9,035 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Ryan Specialty during the third quarter worth approximately $5,767,000. NFC Investments LLC grew its stake in Ryan Specialty by 10.3% during the third quarter. NFC Investments LLC now owns 324,225 shares of the company’s stock worth $11,996,000 after purchasing an additional 30,273 shares during the period. Public Sector Pension Investment Board acquired a new stake in Ryan Specialty during the third quarter worth approximately $2,810,000. Finally, Global Retirement Partners LLC increased its holdings in Ryan Specialty by 1,083.9% in the third quarter. Global Retirement Partners LLC now owns 48,883 shares of the company’s stock worth $1,809,000 after purchasing an additional 44,754 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

About Ryan Specialty

Ryan Specialty is a specialty insurance organization that provides distribution, underwriting and related services to insurance brokers, agents and carriers. Its business includes wholesale brokerage, which helps insurance professionals place coverage for risks that may be difficult to insure in the standard market, and underwriting management services for specialty insurance products. The company works across a range of property and casualty insurance lines, including professional liability, transportation, property, casualty and other specialty risks.