Streetbeat News

RYAN

Ryan Specialty Holdings, Inc.

https://ryansg.com

Industry

Insurance - Specialty

Ryan Specialty Group Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. The company was founded in 2010 and is headquartered in Chicago, Illinois.

Open

71.54

Mkt cap

19B

Volume

1.2M

High

71.78

P/E Ratio

92.71

52-wk high

73.10

Low

70.81

Div yield

0.01

52-wk low

41.49

Ryan Specialty's shares fell after reporting disappointing Q3 adjusted EPS results. The company is also in final talks to acquire Innovisk Capital Partners.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:52 pm

Ryan Specialty Holdings has provided its full year 2024 guidance, expecting an organic revenue growth rate between 13.0% and 14.0% and an adjusted EBITDAC margin between 32.0% and 32.5%. The company cannot provide a comparable outlook for total revenue growth rate or net income margin due to forecasting difficulties.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:25 pm

Ryan Specialty Holdings reported Q3 earnings of $0.41 per share, missing the $0.42 estimate, but sales of $604.69M beat the $600.62M estimate. Earnings increased by 28.12% and sales by 20.47% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:09 pm

Ryan Specialty is in final discussions to acquire Innovisk Capital Partners, which will become part of Ryan Specialty Underwriting Managers. The acquisition is expected to close early next month.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:08 pm

B of A Securities has maintained a Buy rating on Ryan Specialty Holdings and raised the price target from $75 to $84.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:45 pm

Wells Fargo analyst Elyse Greenspan maintains an Equal-Weight rating on Ryan Specialty Holdings (NYSE:RYAN) and raises the price target from $63 to $70.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 2:59 pm

Goldman Sachs analyst Robert Cox maintains a Neutral rating on Ryan Specialty Holdings (NYSE:RYAN) but raises the price target from $64 to $72.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:54 pm

BMO Capital has upgraded Ryan Specialty Holdings (NYSE:RYAN) from Market Perform to Outperform, raising the price target from $65 to $75.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:47 pm

Ryan Specialty has repriced and increased the size of its term loan, bringing the total to $1.7 billion. This financial maneuver is likely aimed at optimizing their capital structure.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:13 pm

Ryan Specialty plans to offer up to $500 million in senior secured notes due 2032 in a private offering. This move is likely aimed at raising capital for business operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:28 am

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