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J.P. Morgan Sticks to Their Hold Rating for Ryan Specialty Group (RYAN)

J.P. Morgan analyst Jimmy Bhullar maintained a Hold rating on Ryan Specialty Group (RYANResearch Report) on August 12 and set a price target of $40.00. The company’s shares closed yesterday at $46.25.

Bhullar covers the Financial sector, focusing on stocks such as Chubb, Aon, and Equitable Holdings. According to TipRanks, Bhullar has an average return of 7.9% and a 59.48% success rate on recommended stocks.

In addition to J.P. Morgan, Ryan Specialty Group also received a Hold from RBC Capital’s Mark Dwelle in a report issued on August 12. However, on the same day, Barclays maintained a Buy rating on Ryan Specialty Group (NYSE: RYAN).

See today’s best-performing stocks on TipRanks >>

RYAN market cap is currently $11.95B and has a P/E ratio of 148.62.

Based on the recent corporate insider activity of 18 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. Most recently, in May 2022, TURNER TIMOTHY WILLIAM, the President of RYAN sold 352,697.00 shares for a total of $13,014,519.30.

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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