Ryan Specialty Holdings Inc. $RYAN Shares Purchased by Capital World Investors

Capital World Investors boosted its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,640,638 shares of the company’s stock after acquiring an additional 17,082 shares during the quarter. Capital World Investors’ holdings in Ryan Specialty were worth $342,856,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RYAN. Royal Bank of Canada raised its holdings in Ryan Specialty by 10.6% in the first quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock valued at $4,406,000 after acquiring an additional 5,739 shares in the last quarter. AQR Capital Management LLC raised its holdings in Ryan Specialty by 25.1% in the first quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock valued at $367,000 after acquiring an additional 998 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Ryan Specialty by 46.3% in the first quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock valued at $27,787,000 after acquiring an additional 119,055 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Ryan Specialty by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock valued at $24,586,000 after acquiring an additional 33,667 shares in the last quarter. Finally, Creative Planning raised its holdings in Ryan Specialty by 15.4% in the second quarter. Creative Planning now owns 4,586 shares of the company’s stock valued at $312,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Buying and Selling at Ryan Specialty

In related news, EVP Mark Stephen Katz purchased 3,215 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $31.07 per share, with a total value of $99,890.05. Following the completion of the acquisition, the executive vice president directly owned 4,332 shares in the company, valued at $134,595.24. This trade represents a 287.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Patrick G. Ryan purchased 120,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $32.50 per share, with a total value of $3,900,000.00. Following the completion of the acquisition, the chairman owned 13,817,859 shares of the company’s stock, valued at approximately $449,080,417.50. This trade represents a 0.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 52.03% of the stock is owned by company insiders.

Ryan Specialty Price Performance

Shares of NYSE RYAN opened at $31.66 on Tuesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average price of $33.49 and a 200 day moving average price of $42.35. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $69.49. The company has a market cap of $8.35 billion, a PE ratio of 41.11, a P/E/G ratio of 0.78 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $781.44 million. During the same period last year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts forecast that Ryan Specialty Holdings Inc. will post 2.05 EPS for the current year.

Ryan Specialty announced that its board has approved a share repurchase plan on Tuesday, May 26th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. Ryan Specialty’s dividend payout ratio (DPR) is currently 67.53%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of Ryan Specialty from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $42.00 to $31.00 in a research note on Friday, May 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Ryan Specialty in a research note on Tuesday, May 26th. Cantor Fitzgerald dropped their price target on shares of Ryan Specialty from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. BMO Capital Markets lowered shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $66.00 to $43.00 in a research note on Wednesday, February 25th. Finally, Barclays lowered their target price on shares of Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.35.

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.