EJMK Ventures LLC Buys Shares of 22,025 Ryan Specialty Holdings Inc. $RYAN

EJMK Ventures LLC bought a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,025 shares of the company’s stock, valued at approximately $1,137,000.

Other hedge funds have also made changes to their positions in the company. Vulcan Value Partners LLC boosted its holdings in shares of Ryan Specialty by 631.7% during the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock worth $238,536,000 after purchasing an additional 3,989,502 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Ryan Specialty by 79.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after buying an additional 3,353,926 shares during the last quarter. Independent Franchise Partners LLP bought a new stake in Ryan Specialty in the third quarter worth $95,798,000. Adage Capital Partners GP L.L.C. lifted its position in shares of Ryan Specialty by 1,510.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,610,000 shares of the company’s stock worth $83,124,000 after buying an additional 1,510,000 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in shares of Ryan Specialty by 76.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock worth $172,800,000 after acquiring an additional 1,332,773 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RYAN shares. Citigroup dropped their price target on shares of Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Bank of America dropped their target price on shares of Ryan Specialty from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Piper Sandler cut their price target on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Barclays reduced their target price on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Ryan Specialty in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.12.

Ryan Specialty Trading Down 0.1%

RYAN opened at $34.94 on Friday. The firm has a market cap of $9.21 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 0.84 and a beta of 0.64. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $33.75 and its two-hundred day moving average is $41.04. Ryan Specialty Holdings Inc. has a twelve month low of $29.28 and a twelve month high of $69.49.

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

Ryan Specialty Announces Dividend

The firm 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 was Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. Ryan Specialty’s dividend payout ratio (DPR) is presently 67.53%.

Ryan Specialty announced that its board has authorized a stock repurchase plan on Tuesday, May 26th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Ryan Specialty news, EVP Mark Stephen Katz purchased 3,215 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $31.07 per share, with a total value of $99,890.05. Following the acquisition, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 7,500 shares of the stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average price of $35.16 per share, for a total transaction of $263,700.00. Following the purchase, the director owned 117,933 shares of the company’s stock, valued at $4,146,524.28. This trade represents a 6.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 130,715 shares of company stock valued at $4,263,590 over the last 90 days. 52.03% of the stock is currently owned by insiders.

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.