5 Best Insurance Stocks to Buy Right Now

3. Ryan Specialty Holdings Inc. (NYSE:RYAN)

Ryan Specialty Holdings Inc. (NYSE:RYAN) is one of the 11 best insurance stocks to buy right now.

On February 27, Mizuho reduced its price target on Ryan Specialty Holdings Inc. (NYSE:RYAN) to $44 from $53. The firm reiterated its Neutral rating on the stock, which still offers a revised upside of almost 22% despite the downward adjustment.

The adjustment is based on the firm’s revisions to its targets and ratings across the insurance property and casualty segment, amid the recent selloff witnessed within the sector.

Earlier on February 25, BMO Capital analyst Michael Zaremski downgraded Ryan Specialty Holdings Inc. (NYSE:RYAN) from Outperform to Market Perform. The analyst also lowered his price target from $66 to $43.

Zaremski believes that the excess and surplus insurance market, where Ryan primarily operates, is likely to see a material growth deceleration through 2027. Reflecting on this outlook, he reduced estimates, citing expectations for slower organic growth, weaker margins, and lower contribution from acquisitions, which could weigh on the company’s overall earnings trajectory and limit upside potential in the near to medium term.

Ryan Specialty Holdings Inc. (NYSE:RYAN) operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It delivers various services such as distribution, underwriting, product development, and risk management. The company serves different commercial and private market segments.