Ryan Specialty (NYSE:RYAN) Rating Reiterated by JMP Securities

Ryan Specialty (NYSE:RYAN)‘s stock had its “market perform” rating reaffirmed by stock analysts at JMP Securities in a report released on Monday, Benzinga reports.

Several other equities analysts also recently commented on the company. Wells Fargo & Company upped their target price on Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods upped their target price on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Citigroup upped their target price on Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.25.

Ryan Specialty Price Performance

Shares of NYSE RYAN opened at $49.71 on Monday. The business’s 50 day moving average price is $51.10 and its two-hundred day moving average price is $46.82. The company has a market cap of $12.94 billion, a PE ratio of 97.47 and a beta of 0.52. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.98. Ryan Specialty has a twelve month low of $39.44 and a twelve month high of $56.51.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. The firm had revenue of $532.90 million for the quarter, compared to the consensus estimate of $524.08 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that Ryan Specialty will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Ryan Specialty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Ryan Specialty by 192.0% during the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after purchasing an additional 361 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Ryan Specialty by 524.8% during the first quarter. Royal Bank of Canada now owns 781 shares of the company’s stock worth $31,000 after buying an additional 656 shares in the last quarter. Comerica Bank acquired a new position in shares of Ryan Specialty during the third quarter worth $34,000. Parkside Financial Bank & Trust increased its holdings in shares of Ryan Specialty by 1,283.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after buying an additional 937 shares in the last quarter. Finally, American International Group Inc. acquired a new position in shares of Ryan Specialty during the second quarter worth $50,000. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Company Profile

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.