Does Ryan Specialty Holdings Inc. (RYAN) offer a good opportunity for investors?

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.

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.

Institutional Ownership:

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.

Analysts Ratings:

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.