Lbp Am Sa Acquires New Position in Ryan Specialty Holdings Inc. $RYAN

Lbp Am Sa bought a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 47,200 shares of the company’s stock, valued at approximately $2,660,000.

Several other hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC lifted its holdings in Ryan Specialty by 10,975.0% in the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after acquiring an additional 439 shares during the period. MAI Capital Management grew its position in shares of Ryan Specialty by 65.3% in the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after purchasing an additional 188 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Ryan Specialty by 83.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock valued at $35,000 after buying an additional 273 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Ryan Specialty during the 2nd quarter valued at $56,000. Finally, State of Wyoming purchased a new position in Ryan Specialty during the second quarter worth $62,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RYAN has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on Ryan Specialty in a research note on Monday, December 1st. They set a “hold” rating and a $64.00 price objective on the stock. Piper Sandler began coverage on shares of Ryan Specialty in a research note on Thursday, November 20th. They set a “neutral” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, January 7th. BMO Capital Markets reduced their price objective on shares of Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Wells Fargo & Company raised their target price on shares of Ryan Specialty from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Buying and Selling

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the completion of the sale, the chief executive officer owned 12,553 shares in the company, valued at $672,966.33. The trade was a 91.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 52.21% of the stock is currently owned by corporate insiders.

Ryan Specialty Price Performance

RYAN opened at $46.51 on Wednesday. Ryan Specialty Holdings Inc. has a 1 year low of $46.18 and a 1 year high of $77.16. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day simple moving average is $53.12 and its 200 day simple moving average is $55.68. The stock has a market capitalization of $12.27 billion, a PE ratio of 101.12, a P/E/G ratio of 1.27 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The company had revenue of $754.58 million for the quarter, compared to analyst estimates of $742.35 million. During the same quarter last year, the business earned $0.41 EPS. Ryan Specialty’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, sell-side analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.0%. Ryan Specialty’s dividend payout ratio (DPR) is 104.35%.

Ryan Specialty Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.