Inside the research
Ryan Specialty Holdings, Inc.
RYAN Research profile · latest available data
Price overview
$37.89
▲ +1.15 (+3.1%)
| 52w hi | $57.77 |
|---|---|
| 52w lo | $29.18 |
| Vol | 1.74M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.24
| Short | -0.15 |
|---|---|
| Medium | -0.26 |
| Long | -0.37 |
computed 2026-09-27
Key fundamentals
Ryan Specialty Holdings, Inc.
Financial Services · Insurance Brokers
| Market cap | $9.71B |
|---|---|
| Enterprise value | $8.80B |
| Trailing P/E | 51.20x |
| Forward P/E | 15.67x |
| EV / EBITDA | 9.68x |
| P / S (ttm) | 3.07x |
| Profit margin | 3.1% |
| Return on equity | 22.1% |
| Revenue growth | +7.4% |
| Earnings growth | -14.3% |
| Debt / equity | 374.71 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.08 | |
| Sector | +0.02 | |
| Technical | -0.16 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Ryan Specialty Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally. The company offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter or a program administrator with delegated authority from insurance carriers. It serves commercial, industrial, institutional, individual, and government sectors. The company was founded in 2010 and is headquartered in Chicago, Illinois.
Risk Metrics
| Beta vs SPX | 0.29 |
|---|---|
| Corr SPX | 0.13 |
| Annual vol | 37.5% |
| Annual ret | -18.7% |
| Sharpe | -0.50 |
| Max DD | -61.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $42.88 |
|---|---|
| High / Low | $76.00 / $31.00 |
| Median | $39.00 |
| Analysts | 17 |
| Strong Buy | 4 | |
|---|---|---|
| Buy | 7 | |
| Hold | 7 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-04 | UBS | → Buy |
| 2026-05-04 | Citigroup | → Buy |
| 2026-05-01 | Wells Fargo | → Equal-Weight |
| 2026-05-01 | Piper Sandler | → Neutral |
| 2026-05-01 | Keefe, Bruyette & Woods | → Outperform |
| 2026-05-01 | Barclays | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-07 | Material Agreement, Exhibits | read |
| 2026-07-30 | Earnings Release, Other Material Event… | read |
| 2026-05-26 | Reg FD Disclosure | read |
| 2026-05-01 | Shareholder Vote | read |
| 2026-04-30 | Material Agreement, Exhibits | read |
| 2026-04-30 | Earnings Release, Other Material Event… | read |
| 2026-02-12 | Earnings Release, Restructuring… | read |
| 2026-02-12 | 5.08, Other Material Event | read |
| 2025-12-08 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-10-30 | Earnings Release, Other Material Event… | read |
| 2025-10-08 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-09-09 | Officer / Director Change, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-13 | Conklin Michael | EVP & CHRO | Sell | 2.04K | $86.34K |
| 2026-08-10 | Bienen Henry S | Gift | 3.00K | — | |
| 2026-07-22 | Hamilton Janice M | Chief Financial Officer | Option exercise | 5.82K | — |
| 2026-07-22 | Hamilton Janice M | Chief Financial Officer | Withheld for tax | 1.71K | $69.76K |
| 2026-06-12 | Kuczinski Anthony J | Buy | 500 | $17.89K | |
| 2026-06-11 | Kuczinski Anthony J | Buy | 2.50K | $87.08K | |
| 2026-06-10 | ROGERS JOHN W JR | Buy | 7.50K | $263.73K | |
| 2026-06-05 | RYAN PATRICK G | Executive Chairman | Buy | 120.00K | $3.90M |
| 2026-06-03 | Hamilton Janice M | Chief Financial Officer | Buy | 6.30K | $200.29K |
Flow & Concentration
| Insider 180d net | $4.38M |
|---|---|
| Insider buys / sells | 5 / 1 |
| Insider bias | Buyers |
| 13F holders | 9 |
| Top-5 share | 98.6% |
| HHI | 3,253 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $193.72M | 5.13M |
| State Street Corp | $139.94M | 3.71M |
| Capital Research / Capital World | $83.11M | 2.20M |
| Millennium Management | $11.41M | 302.06K |
| Citadel Advisors | $9.98M | 264.38K |
| AQR Capital Management | $4.15M | 109.78K |
| Renaissance Technologies | $1.59M | 42.10K |
| Bridgewater Associates | $551.07K | 14.59K |
| T. Rowe Price Group | $4.29K | 113.58K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.66% |
|---|---|
| $ / share (TTM) | $0.25 |
| 5y CAGR | — |
Annual dividend per share
| 2024 | $0.67 |
|---|---|
| 2025 | $0.48 |
| 2026 | $0.13 |
SEC Filings
The Long Run
FY 2021–2025 · 5 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.46B | +33.8% | |
| Operating income | $493.64M | +27.5% | |
| Net income | $94.67M | +9.5% | |
| Cash from ops | $643.67M | +23.9% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $36.76 | $38.35 | $36.53 | $37.89 | 1.74M |
| Sep 24 | $36.70 | $37.17 | $35.90 | $36.74 | 2.23M |
| Sep 23 | $38.32 | $38.50 | $35.93 | $36.17 | 2.62M |
| Sep 22 | $40.40 | $40.40 | $37.17 | $38.44 | 3.65M |
| Sep 21 | $40.27 | $40.56 | $39.93 | $40.06 | 2.05M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →