Ryan Specialty (NYSE:RYAN) Shares Gap Down After Earnings Miss

Ryan Specialty Holdings Inc. (NYSE:RYAN) gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $44.38, but opened at $39.40. Ryan Specialty shares last traded at $37.7980, with a volume of 1,521,427 shares changing hands.

The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05). Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The firm had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis.

Ryan Specialty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. Ryan Specialty’s payout ratio is 104.35%.

Ryan Specialty News Summary

Here are the key news stories impacting Ryan Specialty this week:

• Positive Sentiment: Management expects ~ $80 million of annual run-rate savings from its Empower restructuring, which could materially relieve margin pressure over the next 12–18 months. Ryan Specialty signals $80M annual savings from Empower restructuring as property pressures persist
• Positive Sentiment: Board approved an 8.3% increase to the quarterly dividend to $0.13 (annual yield ~1.2%), signaling capital return priorities and some confidence in cash flow. Ex‑dividend date Feb 24. Dividend announcement
• Neutral Sentiment: Top-line still growing: Q4 revenue rose 13.2% YoY to $751.2M and organic growth continued, though at a slower pace (organic revenue growth 6.6% vs 11.0% prior year). Ryan Specialty Reports Fourth Quarter 2025 Results
• Neutral Sentiment: Full earnings and management commentary are available — review the Q4 earnings call transcript for details on reserves, pricing environment, and forward strategy. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 EPS of $0.45 missed consensus ($0.50) and revenue of $751.21M missed estimates (~$777M); net income declined ~26.6% YoY — the primary driver of the stock decline. Ryan Specialty misses Q4 earnings and revenue estimates
• Negative Sentiment: Margins are under pressure: the company said it is absorbing investment costs and continues to face property market pressures, reducing near-term profitability. Profit margins slide as Ryan Specialty ‘absorbs’ investment costs
• Negative Sentiment: Market reaction: multiple outlets report the stock fell sharply after the misses and commentary on pricing/reserves, reflecting investor concern about near-term profitability and execution. Ryan Specialty misses Q4 expectations, shares tumble

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings lowered shares of Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Wells Fargo & Company cut their target price on shares of Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho set a $53.00 target price on shares of Ryan Specialty in a report on Friday. Finally, The Goldman Sachs Group set a $61.00 price target on shares of Ryan Specialty in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Ryan Specialty presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Activity

In related news, CEO Timothy William Turner sold 129,570 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $53.61, for a total value of $6,946,247.70. Following the transaction, the chief executive officer directly owned 12,553 shares in the company, valued at approximately $672,966.33. This represents a 91.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 52.21% of the company’s stock.

Institutional Trading of Ryan Specialty

Several hedge funds and other institutional investors have recently bought and sold shares of RYAN. Capital World Investors raised its position in shares of Ryan Specialty by 0.3% in the fourth quarter. Capital World Investors now owns 6,640,638 shares of the company’s stock valued at $342,856,000 after buying an additional 17,082 shares in the last quarter. Vulcan Value Partners LLC grew its position in Ryan Specialty by 631.7% during the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock worth $238,536,000 after buying an additional 3,989,502 shares in the last quarter. Principal Financial Group Inc. grew its position in Ryan Specialty by 21.1% during the third quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock worth $247,576,000 after buying an additional 765,428 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in Ryan Specialty by 9.3% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock worth $218,010,000 after acquiring an additional 368,247 shares during the period. Finally, Champlain Investment Partners LLC raised its holdings in Ryan Specialty by 76.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock valued at $172,800,000 after acquiring an additional 1,332,773 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Price Performance

The company has a fifty day simple moving average of $50.49 and a two-hundred day simple moving average of $54.21. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 81.94, a PEG ratio of 1.09 and a beta of 0.62. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00.

Ryan Specialty Company Profile

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.