Ryan Specialty Holdings, Inc. демонстрирует высокие значения мультипликаторов, таких как P/E, P/S и P/B, значительно превышающие медианные значения по отрасли, что указывает на возможную переоценённость компании. При этом наблюдается снижение P/E в последние кварталы, что может свидетельствовать о корректировке ожиданий рынка. Эффективность компании, отражаемая ROE и ROA, находится на уровне выше медианы, однако прибыльные маржи остаются ниже среднеотраслевых значений. Долговая нагрузка, измеряемая отношением долга к капиталу, также вызывает опасения, так как находится значительно выше медианного уровня. Хотя выручка и чистая прибыль показывают положительную динамику, низкие значения EPS и прогнозируемого EPS сигнализируют о возможных трудностях с ростом прибыли в будущем. В целом, несмотря на некоторые положительные аспекты, такие как высокий уровень выручки и активов, существующие риски и завышенные мультипликаторы заставляют пересмотреть целевую цену компании в сторону снижения.

Ryan Specialty Holdings, Inc.

Brown & Brown (BRO) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.06%. A quarter ago, it was expected that this insurance company would post earnings of $0.91 per share when it actually produced earnings of $0.93, delivering a surprise of +2.2%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Brown & Brown, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $1.9 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $1.4 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Brown & Brown shares have lost about 17.3% since the beginning of the year versus the S&P 500's gain of 4.7%.
What's Next for Brown & Brown?
While Brown & Brown has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Brown & Brown was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.09 on $1.77 billion in revenues for the coming quarter and $4.54 on $7.22 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Ryan Specialty Group (RYAN), has yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.
This insurance company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +10.3%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level.
Ryan Specialty Group's revenues are expected to be $768.79 million, up 11.4% from the year-ago quarter.
Should You Invest in Brown & Brown, Inc. (BRO)?
Before you invest in Brown & Brown, Inc. (BRO), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Brown & Brown (BRO) Tops Q1 Earnings and Revenue Estimates

A look at the weighted underlying holdings of the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) shows an impressive 312.2% of holdings on a weighted basis have experienced insider buying within the past six months.
Agree Realty Corp. (Symbol: ADC), which makes up 85.05% of the AGF U.S. Market Neutral Anti-Beta Fund (BTAL), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,577,479 worth of ADC, making it the #75 largest holding. The table below details the recent insider buying activity observed at ADC:
ADC — last trade: $79.78 — Recent Insider Buys:
And Ryan Specialty Holdings Inc (Symbol: RYAN), the #192 largest holding among components of the AGF U.S. Market Neutral Anti-Beta Fund (BTAL), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $976,953 worth of RYAN, which represents approximately 52.68% of the ETF's total assets at last check. The recent insider buying activity observed at RYAN is detailed in the table below:
RYAN — last trade: $39.24 — Recent Insider Buys:
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Strong Insider Buying Reported in BTAL Holdings

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Travelzoo, a filing with the SEC revealed that on Tuesday, Global Chief Executive Officer Holger Bartel purchased 200,000 shares of TZOO, for a cost of $5.38 each, for a total investment of $1.08M. Bartel was up about 17.0% on the buy at the high point of today's trading session, with TZOO trading as high as $6.30 in trading on Wednesday. Travelzoo is trading up about 12.1% on the day Wednesday.
And at Ryan Specialty Holdings, there was insider buying on Monday, by Director Patrick G. Ryan Jr. who purchased 25,865 shares for a cost of $39.98 each, for a trade totaling $1.03M. Before this latest buy, Ryan Jr. made one other purchase in the past year, buying $5,212 shares at a cost of $69.50 each. Ryan Specialty Holdings is trading down about 1.7% on the day Wednesday. Investors can bag RYAN at a price even lower than Ryan Jr. did, with shares changing hands as low as $37.56 in trading on Wednesday -- that's 6.0% below Ryan Jr.'s purchase price.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday 2/25 Insider Buying Report: TZOO, RYAN

Looking at the universe of stocks we cover at Dividend Channel, on 2/24/26, Johnson & Johnson (Symbol: JNJ), United Fire Group, Inc. (Symbol: UFCS), and Ryan Specialty Holdings Inc (Symbol: RYAN) will all trade ex-dividend for their respective upcoming dividends. Johnson & Johnson will pay its quarterly dividend of $1.30 on 3/10/26, United Fire Group, Inc. will pay its quarterly dividend of $0.20 on 3/10/26, and Ryan Specialty Holdings Inc will pay its quarterly dividend of $0.13 on 3/10/26. As a percentage of JNJ's recent stock price of $246.91, this dividend works out to approximately 0.53%, so look for shares of Johnson & Johnson to trade 0.53% lower — all else being equal — when JNJ shares open for trading on 2/24/26. Similarly, investors should look for UFCS to open 0.53% lower in price and for RYAN to open 0.31% lower, all else being equal.
Below are dividend history charts for JNJ, UFCS, and RYAN, showing historical dividends prior to the most recent ones declared.
Johnson & Johnson (Symbol: JNJ):
United Fire Group, Inc. (Symbol: UFCS):
Ryan Specialty Holdings Inc (Symbol: RYAN):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.11% for Johnson & Johnson, 2.10% for United Fire Group, Inc., and 1.26% for Ryan Specialty Holdings Inc.
In Friday trading, Johnson & Johnson shares are currently up about 0.8%, United Fire Group, Inc. shares are off about 1.5%, and Ryan Specialty Holdings Inc shares are up about 2.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Johnson & Johnson, United Fire Group and Ryan Specialty Holdings

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.18%. March E-mini S&P futures (ESH26) rose +0.03%, and March E-mini Nasdaq futures (NQH26) rose +0.14%.
Stock indexes recovered from early losses on Friday and settled higher. Falling bond yields were bullish for stocks on Friday after US January consumer prices rose less than expected, which may prompt the Fed to keep cutting interest rates. The 10-year T-note yield fell to a 2.25-month low of 4.05% on the tame inflation news.
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Also, a recovery in software stocks was supportive of the overall market. However, metal companies retreated on reports that the Trump administration is working to narrow its tariffs on steel and aluminum products.
Stocks initially moved lower today, with the S&P 500 and Nasdaq 100 posting 1-week lows. Worries over AI weighed on stocks and dampened market sentiment. Concerns have surfaced that the latest tools released by Google, Anthropic, and other AI startups are already good enough to disrupt many sectors of the economy, including finance, logistics, software, and trucking.
US Jan CPI rose +2.4% y/y, weaker than expectations of +2.5% y/y and the smallest pace of increase in 7 months. Jan core CPI rose +2.5% y/y, right on expectations and the smallest pace of increase in 4.75 years.
Q4 earnings season is in full swing, as more than two-thirds of the S&P 500 companies have reported earnings results. Earnings have been a positive factor for stocks, with 76% of the 371 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 10% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down by -0.43%. China’s Shanghai Composite closed down -1.26%. Japan’s Nikkei Stock 225 fell closed down -1.21%.
Interest Rates
March 10-year T-notes (ZNH6) on Friday closed up by +12 ticks. The 10-year T-note yield fell -4.2 bp to 4.056%. Mar T-notes climbed to a 2.25-month high on Friday, and the 10-year T-note yield fell to a 2.25-month low of 4.045%. T-notes recovered from overnight losses and moved higher on the smaller-than-expected US Jan CPI increase, which is dovish for Fed policy. Also, bond dealer short covering boosted T-note prices as dealers lifted short hedges placed in T-note futures this week to hedge against the $125 billion of T-note and T-bond sales in the Treasury’s quarterly refunding.
European government bond yields moved lower on Friday. The 10-year German bund yield fell to a 2.25-month low of 2.753% and finished down -2.4 bp to 2.755%. The 10-year UK gilt yield slid to a 3.5-week low of 4.404% and finished down -3.6 bp to 4.416%.
The German Jan wholesale price index rose +0.9% m/m, the largest increase in a year.
Swaps are discounting a 3% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.
US Stock Movers
Software stocks rallied on Friday, helping lift the broader market. Crowdstrike Holdings (CRWD) closed up more than +4%, and ServiceNow (NOW) closed up more than +3%. Also, Salesforce (CRM), Palantir Technologies (PLTR), and Oracle (ORCL) closed up more than +2%. In addition, Adobe Systems (ADBE) closed up +0.54%, and Intuit (INTU) closed up +0.32%.
Cryptocurrency-exposed stocks rose on Friday after Bitcoin (^BTCUSD) rallied more than +4%. Coinbase Global (COIN) closed up more than +16% to lead gainers in the S&P 500. Also, MARA Holdings (MARA) closed up more than +9%, and Strategy (MSTR) closed up more than +8%. In addition, Riot Platforms (RIOT) and Galaxy Digital Holdings (GLXY) closed up more than +7%.
Metal companies retreated on Friday on reports that the Trump administration is working to narrow its tariffs on steel and aluminum products. Century Aluminum (CENX) closed down more than -7%, and Steel Dynamics (STLD) closed down more than -4%. Also, Cleveland-Cliffs (CLF) and Nucor Corp (NUE) closed down more than -3%, and Alcoa (AA) closed down more than -1%.
Tri Point Homes (TPH) closed up more than +26% after being acquired by Sumitomo Forestry for about $4.28 billion, or $47 a share.
Rivian Automotive (RIVN) closed up more than +26% after reporting Q4 revenue of $1.29 billion, above the consensus of $1.26 billion, and forecasting full-year vehicle deliveries of 62,000 to 67,000, the midpoint above the consensus of 63,402.
Maplebear (CART) closed up more than +9% after reporting Q4 total revenue of $992 million, stronger than the consensus of $971.8 million.
Applied Materials (AMAT) closed up more than +8% after reporting Q1 adjusted EPS of $2.38, better than the consensus of $2.21, and forecasting Q2 adjusted EPS of $2.44 to $2.84, stronger than the consensus of $2.29.
Roku (ROKU) closed up more than +8% after reporting Q4 net revenue of $1.39 billion, above the consensus of $1.35 billion, and forecasting full-year net revenue of $5.50 billion, better than the consensus of $5.34 billion.
Dexcom (DXCM) closed up more than +7% after reporting Q4 revenue of $1.26 billion, better than the consensus of $1.25 billion.
Arista Networks (ANET) closed up more than +4% to lead gainers after reporting Q4 revenue of $2.49 billion, better than the consensus of $2.29 billion, and forecasting Q1 revenue of $2.6 billion, above the consensus of $2.39 billion.
Airbnb (ABNB) closed up more than +4% after reporting Q4 gross booking value of $20.4 billion, better than the consensus of $19.46 billion, and forecasting Q1 revenue of $2.59 billion to $2.63 billion, above the consensus of $2.54 billion.
Pinterest (PINS) closed down more than -16% after reporting Q4 revenue of $1.32 billion, below the consensus of $1.33 billion, and forecasting Q1 revenue of $951 million to $971 million, weaker than the consensus of $980.9 million.
DraftKings (DKNG) closed down more than -13% after forecasting full-year revenue of $6.5 billion to $6.9 billion, well below the consensus of $7.32 billion.
Ryan Specialty Holdings (RYAN) closed down more than -12% after reporting Q4 total revenue of $751.2 million, weaker than the consensus of $774.7 million.
Bio-Rad Laboratories (BIO) closed down more than -12% after reporting Q4 adjusted EPS of $2.51, below the consensus of $2.71.
Constellation Brands (STZ) closed down more than -7% to lead losers in the S&P 500 after announcing Nicholas Fink will succeed Bill Newlands as CEO, effective April 13
Norwegian Cruise Line Holdings (NCLH) closed down more than -7% after CEO Harry Sommer stepped down immediately and was replaced by John Chidsey.
Expedia Group (EXPE) closed down more than -6% despite posting better-than-expected Q4 earnings after Bloomberg Intelligence warned that AI is “a long-term risk for the broader online travel industry.”
Earnings Reports(2/17/2026)
Allegion plc (ALLE), Builders FirstSource Inc (BLDR), Cadence Design Systems Inc (CDNS), Coca-Cola Europacific Partners (CCEP), Devon Energy Corp (DVN), DTE Energy Co (DTE), EQT Corp (EQT), Expand Energy Corp (EXE), FirstEnergy Corp (FE), Genuine Parts Co (GPC), Kenvue Inc (KVUE), Labcorp Holdings Inc (LH), Leidos Holdings Inc (LDOS), Medtronic PLC (MDT), Palo Alto Networks Inc (PANW), Republic Services Inc (RSG), Vulcan Materials Co (VMC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Slightly Higher as Bond Yields Fall

The S&P 500 Index ($SPX) (SPY) today is up +0.18%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.23%. March E-mini S&P futures (ESH26) are up +0.16%, and March E-mini Nasdaq futures (NQH26) are up +0.19%.
Stock indexes recovered from early losses today and are moving higher. A rebound in chip makers is lifting the broader market, led by a +10% jump in Applied Materials after reporting stronger-than-expected Q1 adjusted EPS. Also, falling bond yields are supporting stocks today after US January consumer prices rose less than expected, which may prompt the Fed to keep cutting interest rates. The 10-year T-note yield fell to a 2.25-month low of 4.05% on the news.
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Stocks initially moved lower today, with the S&P 500 and Nasdaq 100 posting 1-week lows. Worries over AI weighed on stocks and dampened market sentiment. Concerns have surfaced that the latest tools released by Google, Anthropic, and other AI startups are already good enough to disrupt many sectors of the economy, including finance, logistics, software, and trucking.
US Jan CPI rose +2.4% y/y, weaker than expectations of +2.5% y/y and the smallest pace of increase in 7 months. Jan core CPI rose +2.5% y/y, right on expectations and the smallest pace of increase in 4.75 years.
Q4 earnings season is in full swing, as more than two-thirds of the S&P 500 companies have reported earnings results. Earnings have been a positive factor for stocks, with 76% of the 358 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 10% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are lower today. The Euro Stoxx 50 is down by -0.40%. China’s Shanghai Composite closed down -1.26%. Japan’s Nikkei Stock 225 fell closed down -1.21%.
Interest Rates
March 10-year T-notes (ZNH6) today are up by +7 ticks. The 10-year T-note yield is down -4.0 bp to 4.058%. Mar T-notes climbed to a 2.25-month high today, and the 10-year T-note yield fell to a 2.25-month low of 4.048%. T-notes recovered from overnight losses and moved higher on a smaller-than-expected increase in US Jan CPI, which is dovish for Fed policy. Also, bond dealer short covering is boosting T-note prices as dealers lift short hedges placed in T-note futures to hedge against this week’s Treasury sales of T-notes and T-bonds in the quarterly refunding.
European government bond yields are moving lower today. The 10-year German bund yield fell to a 2.25-month low of 2.753% and is down -2.4 bp to 2.755%. The 10-year UK gilt yield slid to a 3-week low of 4.420% and is down -3.2 bp to 4.421%.
The German Jan wholesale price index rose +0.9% m/m, the largest increase in a year.
Swaps are discounting a 3% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.
US Stock Movers
Chipmakers and AI-infrastructure stocks are moving higher today, led by a +10% jump in Applied Materials (AMAT) after reporting Q1 adjusted EPS of $2.38, better than the consensus of $2.21, and forecasting Q2 adjusted EPS of $2.44 to $2.84, stronger than the consensus of $2.29. Also, Lam Research (LRCX) is up more than +4%, and KLA Corp (KLAC) and ARM Holdings Plc (ARM) are up more than +2%. In addition, ASML Holdings NV (ASML), Intel (INTC), and Marvell Technology (MRVL) are up more than +1%.
Cryptocurrency-exposed stocks are climbing today, with Bitcoin (^BTCUSD) up by more than +4%. Coinbase Global (COIN) is up more than +14% to lead gainers in the S&P 500. Also, Strategy (MSTR) and Riot Platforms (RIOT) are up more than +7%. In addition, MARA Holdings (MARA) is up more than +6%, and Galaxy Digital Holdings (GLXY) is up more than +5%.
Metal companies are under pressure today on reports that the Trump administration is working to narrow its tariffs on steel and aluminum products. Century Aluminum (CENX) is down more than -6%, and Steel Dynamics (STLD), Cleveland-Cliffs (CLF), and Nucor Corp (NUE) are down more than -2%. Also, Alcoa (AA) and Kaiser Aluminum (KALU) are down more than -1%.
Tri Point Homes (TPH) is up more than +26% after being acquired by Sumitomo Forestry for about $4.28 billion, or $47 a share.
Rivian Automotive (RIVN) is up more than +19% after reporting Q4 revenue of $1.29 billion, above the consensus of $1.26 billion, and forecasting full-year vehicle deliveries of 62,000 to 67,000, the midpoint above the consensus of 63,402.
Maplebear (CART) is up more than +13% after reporting Q4 total revenue of $992 million, stronger than the consensus of $971.8 million.
Dexcom (DXCM) is up more than +8% after reporting Q4 revenue of $1.26 billion, better than the consensus of $1.25 billion.
Arista Networks (ANET) is up more than +5% to lead gainers after reporting Q4 revenue of $2.49 billion, better than the consensus of $2.29 billion, and forecasting Q1 revenue of $2.6 billion, above the consensus of $2.39 billion.
Roku (ROKU) is up more than +5% after reporting Q4 net revenue of $1.39 billion, above the consensus of $1.35 billion, and forecasting full-year net revenue of $5.50 billion, better than the consensus of $5.34 billion.
Airbnb (ABNB) is up more than +4% after reporting Q4 gross booking value of $20.4 billion, better than the consensus of $19.46 billion, and forecasting Q1 revenue of $2.59 billion to $2.63 billion, above the consensus of $2.54 billion.
Pinterest (PINS) is down more than -21% after reporting Q4 revenue of $1.32 billion, below the consensus of $1.33 billion, and forecasting Q1 revenue of $951 million to $971 million, weaker than the consensus of $980.9 million.
DraftKings (DKNG) is down more than -12% after forecasting full-year revenue of $6.5 billion to $6.9 billion, well below the consensus of $7.32 billion.
Ryan Specialty Holdings (RYAN) is down more than -12% after reporting Q4 total revenue of $751.2 million, weaker than the consensus of $774.7 million.
Bio-Rad Laboratories (BIO) is down more than -10% after reporting Q4 adjusted EPS of $2.51, below the consensus of $2.71.
Expedia Group (EXPE) is down more than -5% to lead losers in the S&P 500 despite posting better-than-expected Q4 earnings after Bloomberg Intelligence warned that AI is “a long-term risk for the broader online travel industry.”
Norwegian Cruise Line Holdings (NCLH) is down more than -4% after CEO Harry Sommer stepped down immediately and was replaced by John Chidsey.
Earnings Reports(2/13/2026)
Air Lease Corp (AL), Moderna Inc (MRNA), Seaboard Corp (SEB), Trump Media & Technology Group (DJT), Wendy's Co/The (WEN).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Recover as Chipmakers Rebound

In trading on Friday, insurance brokers shares were relative laggards, down on the day by about 0.8%. Helping drag down the group were shares of Ryan Specialty Holdings, off about 12.3% and shares of Kinsale Capital Group off about 10.2% on the day.
Also lagging the market Friday are non-precious metals & non-metallic mining shares, down on the day by about 0.8% as a group, led down by Century Aluminum, trading lower by about 6% and Olympic Steel, trading lower by about 5.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Friday Sector Laggards: Insurance Brokers, Non-Precious Metals & Non-Metallic Mining Stocks

The S&P 500 Index ($SPX) (SPY) today is down -0.22%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.23%. March E-mini S&P futures (ESH26) are down -0.20%, and March E-mini Nasdaq futures (NQH26) are down -0.21%.
Stock indexes are under pressure today, with the S&P 500 and Nasdaq 100 falling to 1-week lows. Stocks are extending Thursday’s sharp losses today amid worries about AI, which have dampened market sentiment. Concerns have surfaced that the latest tools released by Google, Anthropic, and other AI startups are already good enough to disrupt many sectors of the economy, including finance, logistics, software, and trucking.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
However, stock losses were limited after bond yields tumbled following US Jan consumer prices that rose less than expected, which may prompt the Fed to keep cutting interest rates. The 10-year T-note yield fell to a 2.25-month low of 4.05% on the news.
US Jan CPI rose +2.4% y/y, weaker than expectations of +2.5% y/y and the smallest pace of increase in 7 months. Jan core CPI rose +2.5% y/y, right on expectations and the smallest pace of increase in 4.75 years.
Q4 earnings season is in full swing, as more than two-thirds of the S&P 500 companies have reported earnings results. Earnings have been a positive factor for stocks, with 76% of the 358 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 10% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are lower today. The Euro Stoxx 50 is down by -0.60%. China’s Shanghai Composite closed down -1.26%. Japan’s Nikkei Stock 225 fell closed down -1.21%.
Interest Rates
March 10-year T-notes (ZNH6) today are up by +7 ticks. The 10-year T-note yield is down -4.0 bp to 4.058%. Mar T-notes climbed to a 2.25-month high today, and the 10-year T-note yield fell to a 2.25-month low of 4.048%. T-notes recovered from overnight losses and moved higher on a smaller-than-expected increase in US Jan CPI, which is dovish for Fed policy. Also, bond dealer short covering is boosting T-note prices as dealers lift short hedges placed in T-note futures to hedge against this week’s Treasury sales of T-notes and T-bonds in the quarterly refunding.
European government bond yields are moving lower today. The 10-year German bund yield fell to a 2.25-month low of 2.753% and is down -2.4 bp to 2.755%. The 10-year UK gilt yield slid to a 3-week low of 4.420% and is down -3.2 bp to 4.421%.
The German Jan wholesale price index rose +0.9% m/m, the largest increase in a year.
Swaps are discounting a 3% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.
US Stock Movers
The weakness in the Magnificent Seven technology stocks is weighing on the overall market. Apple (AAPL), Alphabet (GOOGL), and Nvidia (NVDA) are down more than -1%. Also, Tesla (TSLA) is down -0.98%, Meta Platforms (META) is down -0.89%, and Amazon.com (AMZN) is down -0.36%. Microsoft (MSFT) is bucking the trend and is up +0.38%.
Metal companies are under pressure today on reports that the Trump administration is working to narrow its tariffs on steel and aluminum products. Century Aluminum (CENX) is down more than -7%, and Steel Dynamics (STLD) and Nucor Corp (NUE) are down more than -5%. Also, Cleveland-Cliffs (CLF) and Kaiser Aluminum (KALU) are down more than -4%, and Alcoa (AA) and Commercial Metals (CMC) are down more than -3%.
Pinterest (PINS) is down more than -24% after reporting Q4 revenue of $1.32 billion, below the consensus of $1.33 billion, and forecasting Q1 revenue of $951 million to $971 million, weaker than the consensus of $980.9 million.
DraftKings (DKNG) is down more than -15% after forecasting full-year revenue of $6.5 billion to $6.9 billion, well below the consensus of $7.32 billion.
Bio-Rad Laboratories (BIO) is down more than -12% after reporting Q4 adjusted EPS of $2.51, below the consensus of $2.71.
Ryan Specialty Holdings (RYAN) is down more than -12% after reporting Q4 total revenue of $751.2 million, weaker than the consensus of $774.7 million.
Norwegian Cruise Line Holdings (NCLH) is down more than -7% to lead losers in the S&P 500 after CEO Harry Sommer stepped down immediately and was replaced by John Chidsey.
Expedia Group (EXPE) is down more than -5% despite posting better-than-expected Q4 earnings after Bloomberg Intelligence warned that AI is “a long-term risk for the broader online travel industry.”
Tri Point Homes (TPH) is up more than +26% after being acquired by Sumitomo Forestry for about $4.28 billion, or $47 a share.
Rivian Automotive (RIVN) is up more than +23% after reporting Q4 revenue of $1.29 billion, above the consensus of $1.26 billion, and forecasting full-year vehicle deliveries of 62,000 to 67,000, the midpoint above the consensus of 63,402.
Maplebear (CART) is up more than +18% after reporting Q4 total revenue of $992 million, stronger than the consensus of $971.8 million.
Applied Materials (AMAT) is up more than +10% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q1 adjusted EPS of $2.38, better than the consensus of $2.21, and forecasting Q2 adjusted EPS of $2.44 to $2.84, stronger than the consensus of $2.29.
Roku (ROKU) is up more than +10% after reporting Q4 net revenue of $1.39 billion, above the consensus of $1.35 billion, and forecasting full-year net revenue of $5.50 billion, better than the consensus of $5.34 billion.
Arista Networks (ANET) is up more than +7% to lead gainers after reporting Q4 revenue of $2.49 billion, better than the consensus of $2.29 billion, and forecasting Q1 revenue of $2.6 billion, above the consensus of $2.39 billion.
Airbnb (ABNB) is up more than +5% after reporting Q4 gross booking value of $20.4 billion, better than the consensus of $19.46 billion, and forecasting Q1 revenue of $2.59 billion to $2.63 billion, above the consensus of $2.54 billion.
Earnings Reports(2/13/2026)
Air Lease Corp (AL), Moderna Inc (MRNA), Seaboard Corp (SEB), Trump Media & Technology Group (DJT), Wendy's Co/The (WEN).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Edge Lower as AI Fears Linger

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Ryan Specialty (RYAN) Q4 2025 Earnings Transcript

Ryan Specialty Group (RYAN) reported $751.21 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 13.2%. EPS of $0.45 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $777.88 million, representing a surprise of -3.43%. The company delivered an EPS surprise of -9.4%, with the consensus EPS estimate being $0.50.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ryan Specialty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Fiduciary investment income: $13.17 million versus $14.25 million estimated by three analysts on average.
Revenue- Net commissions and fees: $738.05 million versus $771.1 million estimated by three analysts on average.
Revenue- Net commissions and fees- Binding Authority: $84.05 million versus the two-analyst average estimate of $85.81 million.
Revenue- Net commissions and fees- Underwriting Management: $268.31 million compared to the $276.94 million average estimate based on two analysts.
Revenue- Net commissions and fees- Wholesale Brokerage: $385.69 million versus $406.7 million estimated by two analysts on average.
Shares of Ryan Specialty have returned -14.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ryan Specialty Holdings, Inc.

Price history and volume

Shares 360

Investment risk — medium

Investment potential — medium

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