Independent Franchise Partners LLP Buys 415,560 Shares of Ryan Specialty Holdings Inc. $RYAN

Independent Franchise Partners LLP increased its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,115,313 shares of the company’s stock after purchasing an additional 415,560 shares during the period. Ryan Specialty makes up 0.7% of Independent Franchise Partners LLP’s holdings, making the stock its 25th biggest holding. Independent Franchise Partners LLP’s holdings in Ryan Specialty were worth $109,214,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Ryan Specialty in the fourth quarter worth $25,000. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the third quarter worth $28,000. SBI Securities Co. Ltd. increased its position in shares of Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 569 shares during the period. Fifth Third Bancorp increased its position in shares of Ryan Specialty by 65.4% in the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Ryan Specialty by 173.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after purchasing an additional 450 shares during the period. Institutional investors own 84.82% of the company’s stock.

Insider Activity

In other news, EVP Mark Stephen Katz purchased 3,215 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of $31.07 per share, with a total value of $99,890.05. Following the completion of the purchase, the executive vice president owned 4,332 shares of the company’s stock, valued at $134,595.24. This trade represents a 287.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director John W. Rogers, Jr. purchased 7,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the completion of the purchase, the director directly owned 117,933 shares of the company’s stock, valued at approximately $4,146,524.28. This represents a 6.79% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 130,715 shares of company stock valued at $4,263,590. 52.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays decreased their price target on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Ryan Specialty in a research report on Monday, May 4th. Citigroup decreased their price target on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Piper Sandler decreased their price target on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, BMO Capital Markets cut Ryan Specialty from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $66.00 to $43.00 in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average price target of $47.12.

Ryan Specialty Stock Performance

Ryan Specialty stock opened at $35.25 on Thursday. Ryan Specialty Holdings Inc. has a 12-month low of $29.28 and a 12-month high of $69.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90. The business’s 50-day moving average price is $33.72 and its two-hundred day moving average price is $41.24. The stock has a market cap of $9.29 billion, a PE ratio of 45.77, a P/E/G ratio of 0.85 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The firm had revenue of $795.23 million for the quarter, compared to analyst estimates of $781.44 million. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, analysts expect that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current fiscal year.

Ryan Specialty announced that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty’s dividend payout ratio (DPR) is presently 67.53%.

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.