JPMorgan Chase & Co. Issues Pessimistic Forecast for Ryan Specialty (NYSE:RYAN) Stock Price

Ryan Specialty (NYSE:RYAN) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $64.00 to $63.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.17% from the company’s previous close.

Several other brokerages have also recently issued reports on RYAN. UBS Group decreased their price objective on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays reiterated an “overweight” rating and issued a $70.00 price objective on shares of Ryan Specialty in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ryan Specialty in a research note on Wednesday. Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Wolfe Research upgraded Ryan Specialty to a “strong-buy” rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ryan Specialty currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.08.

Ryan Specialty Stock Performance

NYSE RYAN opened at $55.18 on Thursday. The company has a market cap of $14.55 billion, a P/E ratio of 157.66, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $56.28 and a two-hundred day moving average of $64.02. Ryan Specialty has a 1-year low of $50.08 and a 1-year high of $77.16.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $855.17 million during the quarter, compared to the consensus estimate of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.Ryan Specialty’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. As a group, analysts anticipate that Ryan Specialty will post 2.29 EPS for the current year.

Insiders Place Their Bets

In other Ryan Specialty news, Chairman Patrick G. Ryan bought 276,634 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the purchase, the chairman directly owned 13,699,959 shares in the company, valued at $710,205,874.56. This trade represents a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 52.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RYAN. Whittier Trust Co. of Nevada Inc. increased its position in Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after buying an additional 245 shares during the period. SVB Wealth LLC acquired a new position in Ryan Specialty during the first quarter worth approximately $26,000. Golden State Wealth Management LLC increased its position in Ryan Specialty by 10,975.0% during the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after buying an additional 439 shares during the period. Central Pacific Bank Trust Division acquired a new position in Ryan Specialty during the second quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new position in Ryan Specialty during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

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.