Vulcan Value Partners LLC Buys Shares of 631,577 Ryan Specialty Holdings Inc. $RYAN

Vulcan Value Partners LLC bought a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 631,577 shares of the company’s stock, valued at approximately $35,596,000. Ryan Specialty comprises 0.6% of Vulcan Value Partners LLC’s portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of RYAN. Norges Bank purchased a new position in shares of Ryan Specialty during the 2nd quarter worth approximately $88,305,000. Artisan Partners Limited Partnership acquired a new stake in Ryan Specialty during the 2nd quarter valued at $64,961,000. Principal Financial Group Inc. increased its position in Ryan Specialty by 21.1% during the third quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock worth $247,576,000 after buying an additional 765,428 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Ryan Specialty in the third quarter worth $37,636,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Ryan Specialty by 1,972.5% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 540,589 shares of the company’s stock worth $36,755,000 after acquiring an additional 514,505 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley set a $61.00 price objective on Ryan Specialty in a research note on Tuesday, December 16th. UBS Group decreased their price target on shares of Ryan Specialty from $71.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. JPMorgan Chase & Co. cut their price objective on shares of Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Weiss Ratings downgraded shares of Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Ryan Specialty has a consensus rating of “Moderate Buy” and a consensus target price of $59.40.

Insider Buying and Selling at Ryan Specialty

In other news, CEO Timothy William Turner sold 129,570 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the completion of the sale, the chief executive officer owned 12,553 shares in the company, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 52.21% of the stock is owned by insiders.

Ryan Specialty Trading Up 0.1%

NYSE RYAN opened at $41.36 on Monday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. Ryan Specialty Holdings Inc. has a one year low of $37.29 and a one year high of $77.16. The company’s 50 day moving average price is $48.85 and its 200 day moving average price is $53.29. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 98.49, a PEG ratio of 1.07 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.05). The business had revenue of $751.21 million during the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.Ryan Specialty’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, sell-side analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.13 per share. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Ryan Specialty’s payout ratio is presently 114.29%.

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.