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Ryan Specialty Surges 7.7%: Is This an Indication of Further Gains?

Ryan Specialty Group (NYSE: RYAN) shares ended the last trading session 7.7% higher at $59.60. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.2% gain over the past four weeks. RYAN is all set to join S&P MidCap 400. It is poised to grow on strong new business growth as well as meaningful contributions from the acquisitions. The M&A pipeline remains robust including both tuck-ins and large deals. The insurer remains focused to accelerate international expansion, thus expanded presence in the United Kingdom and Europe. This apart, RYAN is set to expanding total addressable market within specialty insurance, with targeted investments in delegated authority ...