Vulcan Value Partners LLC Purchases New Position in Ryan Specialty Holdings Inc. $RYAN

Vulcan Value Partners LLC acquired a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 631,577 shares of the company’s stock, valued at approximately $35,596,000. Ryan Specialty makes up approximately 0.6% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 25th biggest position. Vulcan Value Partners LLC owned approximately 0.24% of Ryan Specialty as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Ryan Specialty by 10,975.0% in the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after acquiring an additional 439 shares in the last quarter. MAI Capital Management lifted its stake in Ryan Specialty by 65.3% in the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after buying an additional 188 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Ryan Specialty by 65.4% during the third 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. Whittier Trust Co. of Nevada Inc. raised its position in Ryan Specialty by 83.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock valued at $35,000 after purchasing an additional 273 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Ryan Specialty by 878.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 851 shares of the company’s stock valued at $48,000 after purchasing an additional 764 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RYAN has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Ryan Specialty in a research note on Monday, December 1st. They issued a “hold” rating and a $64.00 price objective on the stock. Mizuho set a $53.00 price target on Ryan Specialty in a research report on Friday, February 13th. Cantor Fitzgerald reduced their price objective on Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Wells Fargo & Company decreased their price objective on Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Finally, Morgan Stanley set a $61.00 target price on Ryan Specialty in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.40.

Ryan Specialty Stock Up 0.1%

Ryan Specialty stock opened at $41.36 on Monday. The stock’s 50 day moving average price is $48.85 and its 200 day moving average price is $53.29. Ryan Specialty Holdings Inc. has a 1-year low of $37.29 and a 1-year high of $77.16. The company has a market cap of $10.93 billion, a PE ratio of 98.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The business had revenue of $751.21 million during the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. Ryan Specialty’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. On average, sell-side analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. Ryan Specialty’s payout ratio is 114.29%.

Insider Activity at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the completion of the transaction, the chief executive officer directly owned 12,553 shares of the company’s stock, valued at $672,966.33. This trade represents a 91.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.21% of the stock is owned by company insiders.

Ryan Specialty 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.