Ryan Specialty Holdings Inc (NYSE:RYAN) on Thursday reported better-than-expected second-quarter financial results.

Ryan Specialty reported quarterly earnings of 74 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $916.647 million which beat the analyst consensus estimate of $872.957 million.

“We are proud of our excellent second quarter performance, especially given the very challenging environment, as we continue to deliver for our clients and carrier trading partners,” said Patrick G. Ryan, Founder and Executive Chairman of Ryan Specialty.

Ryan Specialty shares gained 11.7% to $49.25 in pre-market trading.

These analysts made changes to their price targets on Ryan Specialty following earnings announcement.

  • Barclays analyst Alex Scott maintained the stock with an Overweight rating and raised the price target from $46 to $48.
  • Keefe, Bruyette & Woods analyst Meyer Shields maintained the stock with an Outperform rating and boosted the price target from $48 to $54.

Considering buying RYAN stock? Here’s what analysts think:

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