Financial Sector Update for 06/21/2024: RYAN, AIRC, STT, YRD, XLF, FAS, FAZ
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
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Source: NASDAQ.COM
- Financial Stocks Pre-market: Financial stocks, including XLF, FAS, and FAZ, were leaning lower pre-bell on Friday.
- S&P MidCap 400 Change: Ryan Specialty (RYAN) will replace Apartment Income REIT (AIRC) in the S&P MidCap 400 before trading on June 28.
- Bidders for HSBC Germany Unit: State Street, BNP Paribas, and Caceis are potential bidders for HSBC Germany's fund administration unit INKA and its custody business.
- Yiren Digital Performance: Yiren Digital (YRD) rose over 5% after reporting higher Q1 earnings and revenue.
- Disclaimer: The views expressed are of the author and do not necessarily reflect those of Nasdaq, Inc.
Analyst Views on RYAN
Wall Street analysts forecast RYAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RYAN is 66.23 USD with a low forecast of 60.00 USD and a high forecast of 76.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 50.750
Low
60.00
Averages
66.23
High
76.00
Current: 50.750
Low
60.00
Averages
66.23
High
76.00
About RYAN
Ryan Specialty 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 with delegated authority from insurance carriers. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. It Wholesale Brokerage Specialty operates under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers. It also specializes in builder's risk insurance.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





