40,318 Shares in Ryan Specialty Holdings Inc. $RYAN Purchased by Westview Management dba Westview Investment Advisors

Westview Management dba Westview Investment Advisors acquired a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,318 shares of the company’s stock, valued at approximately $2,082,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MAI Capital Management lifted its holdings in shares of Ryan Specialty by 65.3% in the second quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after buying an additional 188 shares in the last quarter. Advisory Services Network LLC bought a new stake in Ryan Specialty during the 3rd quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Ryan Specialty by 83.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock worth $35,000 after acquiring an additional 273 shares during the period. Fifth Third Bancorp lifted its stake in Ryan Specialty by 65.4% in the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares in the last quarter. Finally, Quarry LP purchased a new stake in Ryan Specialty in the 3rd quarter worth approximately $37,000. 84.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research downgraded Ryan Specialty from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Royal Bank Of Canada initiated coverage on shares of Ryan Specialty in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $45.00 price objective on the stock. Barclays lowered their target price on shares of Ryan Specialty from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. JPMorgan Chase & Co. dropped their target price 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. Finally, BMO Capital Markets lowered shares of 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 report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.69.

Ryan Specialty Stock Down 0.1%

Shares of NYSE:RYAN opened at $34.72 on Monday. The firm has a market capitalization of $9.17 billion, a P/E ratio of 82.66, a P/E/G ratio of 0.91 and a beta of 0.66. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average price of $43.06 and a 200-day moving average price of $50.38. Ryan Specialty Holdings Inc. has a 52-week low of $33.94 and a 52-week high of $77.16.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The company had revenue of $751.21 million during the quarter, compared to the consensus estimate of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.5%. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 24th. Ryan Specialty’s dividend payout ratio (DPR) is presently 123.81%.

Insider Transactions at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. purchased 25,500 shares of the stock in a transaction on Monday, February 23rd. The shares were acquired at an average price of $39.96 per share, with a total value 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 $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 52.21% of the company’s stock.

Ryan Specialty Company 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.