Ryan Specialty (NYSE:RYAN) Trading Down 4.1% – Should You Sell?

Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) were down 4.1% during trading on Monday . The company traded as low as $64.53 and last traded at $65.72. Approximately 104,650 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 987,767 shares. The stock had previously closed at $68.55.

Analysts Set New Price Targets

A number of research firms have weighed in on RYAN. Keefe, Bruyette & Woods decreased their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Barclays lowered their target price on shares of Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. UBS Group raised their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley upped their price target on Ryan Specialty from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.58.

Ryan Specialty Stock Performance

The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $17.16 billion, a P/E ratio of 93.69, a PEG ratio of 1.19 and a beta of 0.70. The stock’s 50-day moving average price is $69.23 and its 200-day moving average price is $68.62.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $690.17 million during the quarter, compared to analysts’ expectations of $680.80 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.48 annualized dividend and a yield of 0.73%. Ryan Specialty’s payout ratio is 141.18%.

Insiders Place Their Bets

In related news, Director David P. Bolger sold 5,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the sale, the director now directly owns 71,467 shares of the company’s stock, valued at approximately $5,059,863.60. This represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The disclosure for this sale can be found here. Company insiders own 52.21% of the company’s stock.

Hedge Funds Weigh In On Ryan Specialty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ryan Specialty by 281.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after purchasing an additional 245 shares during the period. SVB Wealth LLC purchased a new stake in Ryan Specialty in the first quarter worth $26,000. Rakuten Securities Inc. bought a new stake in shares of Ryan Specialty in the fourth quarter valued at $27,000. WPG Advisers LLC purchased a new position in shares of Ryan Specialty during the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Ryan Specialty during the 1st quarter worth $35,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

About Ryan Specialty

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.