Sunday, 1 October 2023

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Ryan Specialty Group (RYAN) Receives a Hold from JMP Securities – TipRanks Financial Blog

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Ryan Specialty Group (RYANResearch Report) received a Hold rating and price target from JMP Securities analyst Matthew Carletti today. The company’s shares closed yesterday at $49.27.

According to TipRanks, Carletti is a 3-star analyst with an average return of 1.5% and a 53.40% success rate. Carletti covers the Financial sector, focusing on stocks such as ProAssurance, Hanover Insurance, and HCI Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ryan Specialty Group with a $49.50 average price target.

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Based on Ryan Specialty Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $585.15 million and a net profit of $30.08 million. In comparison, last year the company earned a revenue of $407.09 million and had a net profit of $17.56 million

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RYAN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ryan Specialty Group Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents and carriers. It provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter.

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