Ryan Specialty (RYAN) Set to Announce Quarterly Earnings on Thursday

Ryan Specialty (NYSE:RYANGet Rating) is scheduled to announce its earnings results after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ryan Specialty (NYSE:RYANGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $386.89 million for the quarter, compared to the consensus estimate of $372.45 million. Ryan Specialty had a net margin of 5.21% and a return on equity of 61.16%. On average, analysts expect Ryan Specialty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ryan Specialty Stock Up 2.9 %

RYAN opened at $44.50 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.14. Ryan Specialty has a 52-week low of $28.02 and a 52-week high of $44.57. The firm’s fifty day simple moving average is $38.87 and its two-hundred day simple moving average is $38.39.

Insider Buying and Selling

In related news, President Timothy William Turner sold 352,697 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $36.90, for a total transaction of $13,014,519.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ryan Specialty news, President Timothy William Turner sold 352,697 shares of Ryan Specialty stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $36.90, for a total transaction of $13,014,519.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David P. Bolger sold 28,103 shares of Ryan Specialty stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $35.49, for a total transaction of $997,375.47. Following the sale, the director now owns 95,784 shares of the company’s stock, valued at $3,399,374.16. The disclosure for this sale can be found here. 54.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of Ryan Specialty by 0.8% in the first quarter. California State Teachers Retirement System now owns 60,793 shares of the company’s stock valued at $2,358,000 after purchasing an additional 466 shares during the period. Royal Bank of Canada lifted its stake in Ryan Specialty by 524.8% in the first quarter. Royal Bank of Canada now owns 781 shares of the company’s stock worth $31,000 after acquiring an additional 656 shares during the last quarter. Citigroup Inc. lifted its stake in Ryan Specialty by 16.9% in the first quarter. Citigroup Inc. now owns 4,744 shares of the company’s stock worth $184,000 after acquiring an additional 685 shares during the last quarter. Northern Trust Corp lifted its stake in Ryan Specialty by 0.5% in the first quarter. Northern Trust Corp now owns 143,743 shares of the company’s stock worth $5,576,000 after acquiring an additional 686 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Ryan Specialty by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 93,662 shares of the company’s stock worth $3,634,000 after acquiring an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 25.09% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Ryan Specialty from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ryan Specialty presently has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Ryan Specialty Company Profile

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Ryan Specialty Group Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

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