Montrusco Bolton Investments Inc. Buys 368,247 Shares of Ryan Specialty Holdings Inc. $RYAN

Montrusco Bolton Investments Inc. boosted its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,343,116 shares of the company’s stock after acquiring an additional 368,247 shares during the quarter. Ryan Specialty makes up approximately 2.7% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 12th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Ryan Specialty were worth $218,010,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its holdings in Ryan Specialty by 0.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock worth $1,190,000 after acquiring an additional 185 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Ryan Specialty by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock worth $1,848,000 after acquiring an additional 203 shares during the last quarter. Securian Asset Management Inc. grew its holdings in Ryan Specialty by 2.9% during the 3rd quarter. Securian Asset Management Inc. now owns 8,438 shares of the company’s stock worth $476,000 after acquiring an additional 241 shares during the last quarter. Fifth Third Bancorp grew its holdings in Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after acquiring an additional 242 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in Ryan Specialty by 1.3% during the 2nd quarter. Snowden Capital Advisors LLC now owns 21,135 shares of the company’s stock worth $1,437,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN opened at $34.72 on Friday. 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 twelve month low of $31.50 and a twelve month high of $72.50. The firm’s 50 day moving average price is $36.49 and its two-hundred day moving average price is $47.07. The firm has a market cap of $9.17 billion, a P/E ratio of 82.66, a PEG ratio of 0.96 and a beta of 0.71.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The company had revenue of $751.21 million during the quarter, compared to the consensus estimate of $777.43 million. During the same period in the previous year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that Ryan Specialty Holdings Inc. will post 2.24 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. Ryan Specialty’s payout ratio is presently 123.81%.

Insiders Place Their Bets

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the stock in a transaction dated Monday, February 23rd. The shares were bought at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the completion of the acquisition, the director directly owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 52.03% of the company’s stock.

Analyst Upgrades and Downgrades

RYAN has been the topic of a number of research analyst reports. Zacks Research lowered shares of Ryan Specialty from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Wells Fargo & Company decreased their price objective on shares of Ryan Specialty from $56.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada started coverage on shares of Ryan Specialty in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $45.00 target price on the stock. The Goldman Sachs Group reduced their target price on shares of Ryan Specialty from $57.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Mizuho reduced their target price on shares of Ryan Specialty from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.35.

About Ryan Specialty

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.