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Ryan Specialty Group (RYAN) Receives a Hold from Wells Fargo

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Ryan Specialty Group (RYANResearch Report) today and set a price target of $40.00. The company’s shares closed today at $45.30.

Greenspan covers the Financial sector, focusing on stocks such as Voya Financial, Allstate, and Progressive. According to TipRanks, Greenspan has an average return of 11.5% and a 59.78% success rate on recommended stocks.

Currently, the analyst consensus on Ryan Specialty Group is a Moderate Buy with an average price target of $41.50.

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RYAN market cap is currently $11.72B and has a P/E ratio of 134.55.

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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