Insurance play boasts double-digit earnings and sales growth. But many analysts remain on the sidelines.
Ryan Specialty Holdings, Inc. (NYSE:RYAN ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Patrick Ryan - Founder, Chairman and Chief Executive Officer Timothy Turner - President, Ryan Specialty Chairman and CEO, RT Specialty Jeremiah Bickham - Chief Financial Officer Miles Wuller - Chief Executive Officer, Ryan Specialty Underwriting Managers Conference Call Participants Elyse Greenspan - Wells Fargo Grace Carter - Bank of America Robert Cox - Goldman Sachs Meyer Shields - KBW Mike Zaremski - BMO Capital Markets Brian Meredith - UBS Operator Good afternoon and thank you for joining us today for Ryan Specialty Holdings Second Quarter 2024 Earnings Conference Call. In addition to this call, the company filed a press release with the SEC earlier this afternoon, which has also been posted to its website at ryanspecialty.com.
Ryan Specialty Group (RYAN) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.45 per share a year ago.
Insurer Ryan Specialty said on Thursday it has agreed to buy specialized builder's risk insurance firm US Assure Insurance Services of Florida.
Ryan Specialty Holdings stock reached a buy point and a new high. The insurance company reports earnings Thursday after the market close.
Ryan Specialty (RYAN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
IBD Stock Of The Day. Ryan Specialty is actionable as it rebounds toward a buy point.