Wells Fargo & Company Has Lowered Expectations for Ryan Specialty (NYSE:RYAN) Stock Price

by · The Markets Daily

Ryan Specialty (NYSE:RYAN – Get Free Report) had its price objective lowered by stock analysts at Wells Fargo & Company from $43.00 to $41.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 8.17% from the company’s current price.

A number of other brokerages have also issued reports on RYAN. Cantor Fitzgerald increased their price objective on Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Mizuho cut their target price on Ryan Specialty from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. The Goldman Sachs Group lifted their target price on Ryan Specialty from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. UBS Group boosted their price target on Ryan Specialty from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Citigroup increased their price target on Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.21.

Check Out Our Latest Analysis on Ryan Specialty

Ryan Specialty Trading Up 1.8%

Ryan Specialty stock opened at $37.90 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. The firm has a 50-day moving average price of $40.52 and a two-hundred day moving average price of $37.71. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 0.74 and a beta of 0.61. Ryan Specialty has a 52-week low of $29.28 and a 52-week high of $58.94.

Ryan Specialty (NYSE:RYAN – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $916.65 million for the quarter, compared to analyst estimates of $873.93 million. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. Ryan Specialty’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. Sell-side analysts expect that Ryan Specialty will post 2.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RYAN. T. Rowe Price Investment Management Inc. increased its stake in shares of Ryan Specialty by 79.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock valued at $389,910,000 after acquiring an additional 3,353,926 shares during the period. Vulcan Value Partners LLC lifted its position in Ryan Specialty by 20.0% in the second quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock worth $298,782,000 after purchasing an additional 1,317,334 shares during the period. Principal Financial Group Inc. lifted its position in Ryan Specialty by 0.9% in the first quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock worth $148,856,000 after purchasing an additional 37,339 shares during the period. Independent Franchise Partners LLP boosted its stake in Ryan Specialty by 24.4% during the 4th quarter. Independent Franchise Partners LLP now owns 2,115,313 shares of the company’s stock valued at $109,214,000 after purchasing an additional 415,560 shares in the last quarter. Finally, Polar Capital Holdings Plc boosted its stake in Ryan Specialty by 5.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,780,000 shares of the company’s stock valued at $91,901,000 after purchasing an additional 92,500 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

About Ryan Specialty

(Get Free Report)

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.

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