FY2024 EPS Estimates for Ryan Specialty Holdings, Inc. Lifted by Analyst (NYSE:RYAN)

Ryan Specialty Holdings, Inc. (NYSE:RYAN) – Analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of Ryan Specialty in a research note issued on Friday, August 2nd. William Blair analyst A. Klauber now expects that the company will post earnings per share of $1.79 for the year, up from their previous forecast of $1.75. The consensus estimate for Ryan Specialty’s current full-year earnings is $1.80 per share. William Blair also issued estimates for Ryan Specialty’s Q4 2024 earnings at $0.45 EPS, Q2 2025 earnings at $0.71 EPS and Q4 2025 earnings at $0.54 EPS.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Ryan Specialty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their price objective on Ryan Specialty from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday. Wolfe Research lowered Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 6th. Finally, UBS Group boosted their target price on shares of Ryan Specialty from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.00.

Ryan Specialty Trading Down 1.2 %

Shares of RYAN opened at $64.48 on Monday. Ryan Specialty has a twelve month low of $41.49 and a twelve month high of $69.03. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.99. The company’s fifty day simple moving average is $57.59 and its 200-day simple moving average is $53.04. The company has a market cap of $16.79 billion, a P/E ratio of 121.66, a P/E/G ratio of 1.78 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Ryan Specialty had a return on equity of 49.43% and a net margin of 10.21%. The company had revenue of $695.40 million during the quarter, compared to the consensus estimate of $695.56 million. During the same period last year, the company earned $0.45 earnings per share. Ryan Specialty’s revenue was up 18.9% on a year-over-year basis.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.44 annualized dividend and a yield of 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.

Hedge Funds Weigh In On Ryan Specialty

Several institutional investors and hedge funds have recently added to or reduced their stakes in RYAN. Champlain Investment Partners LLC increased its position in shares of Ryan Specialty by 28.0% during the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock worth $274,022,000 after purchasing an additional 1,079,505 shares in the last quarter. Norden Group LLC increased its position in Ryan Specialty by 2,138.1% during the 1st quarter. Norden Group LLC now owns 778,848 shares of the company’s stock valued at $43,226,000 after buying an additional 744,049 shares in the last quarter. Bessemer Group Inc. raised its stake in Ryan Specialty by 33.9% in the first quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company’s stock valued at $106,886,000 after buying an additional 488,067 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Ryan Specialty by 132.2% in the second quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock worth $48,425,000 after acquiring an additional 476,126 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Ryan Specialty during the fourth quarter worth about $16,964,000. Hedge funds and other institutional investors 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.