Ryan Specialty Holdings Inc. (NYSE: RYAN) stock jumped 1.00% on Thursday to $41.24 against a previous-day closing price of $40.83. With 1.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $41.42 whereas the lowest price it dropped to was $40.75. The 52-week range on RYAN shows that it touched its highest point at $46.40 and its lowest point at $32.13 during that stretch. It currently has a 1-year price target of $47.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RYAN was down-trending over the past week, with a drop of -7.41%, but this was up by 3.25% over a month. Three-month performance dropped to -4.91% while six-month performance rose 10.47%. The stock gained 11.79% in the past year, while it has lost -0.65% so far this year. A look at the trailing 12-month EPS for RYAN yields 0.57 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.44. This implies an EPS growth rate of -17.00% for this year and 22.70% for next year.
Float and Shares Shorts:
At present, 111.03 million RYAN shares are outstanding with a float of 96.58 million shares on hand for trading. On May 14, 2023, short shares totaled 7.62 million, which was 6.71% higher than short shares on Apr 13, 2023. In addition to Mr. Patrick G. Ryan as the firm’s Chairman & CEO, Mr. Timothy William Turner serves as its Pres & Director.
Other institutions hold 41.93% of RYAN, in contrast to 25.08% held by mutual funds. Shares owned by individuals account for 15.43%. As the largest shareholder in RYAN with 9.66% of the stake, Kayne Anderson Rudnick Investment holds 10,931,990 shares worth 10,931,990. A second-largest stockholder of RYAN, The Vanguard Group, Inc., holds 7,673,357 shares, controlling over 6.78% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in RYAN, holding 5,886,059 shares or 5.20% stake. With a 6.19% stake in RYAN, the Virtus KAR Small Cap Growth Fund is the largest stakeholder. A total of 7,002,150 shares are owned by the mutual fund manager. The American Funds Growth Fund of Ame, which owns about 4.39% of RYAN stock, is the second-largest Mutual Fund holder. It holds 4,965,000 shares valued at 202.87 million. Janus Henderson Enterprise Fund holds 2.70% of the stake in RYAN, owning 3,055,362 shares worth 124.84 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RYAN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RYAN analysts setting a high price target of $51.00 and a low target of $35.00, the average target price over the next 12 months is $46.30. Based on these targets, RYAN could surge 23.67% to reach the target high and fall by -15.13% to reach the target low. Reaching the average price target will result in a growth of 12.27% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded RYAN stock several times over the past three months with 10 Buys and 1 Sells. In these transactions, 238,777 shares were bought while 2,921 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,794,772 while 184,774 shares were sold.