27,784 Shares in Ryan Specialty Holdings Inc. $RYAN Purchased by Fluent Financial LLC

Fluent Financial LLC bought a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 27,784 shares of the company’s stock, valued at approximately $1,434,000.

A number of other institutional investors have also added to or reduced their stakes in RYAN. Independent Franchise Partners LLP bought a new stake in shares of Ryan Specialty in the 3rd quarter valued at about $95,798,000. Champlain Investment Partners LLC lifted its position in shares of Ryan Specialty by 76.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock worth $172,800,000 after purchasing an additional 1,332,773 shares during the period. Norges Bank bought a new position in shares of Ryan Specialty during the second quarter valued at approximately $88,305,000. Principal Financial Group Inc. increased its holdings in Ryan Specialty by 21.1% during the third quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock valued at $247,576,000 after buying an additional 765,428 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its holdings in Ryan Specialty by 23.7% during the third quarter. Montrusco Bolton Investments Inc. now owns 3,974,869 shares of the company’s stock valued at $217,745,000 after buying an additional 762,638 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on RYAN. Barclays lowered their target price on Ryan Specialty from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $66.00 to $43.00 in a research report on Wednesday, February 25th. Weiss Ratings cut Ryan Specialty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Jefferies Financial Group began coverage on Ryan Specialty in a research note on Monday, December 1st. They issued a “hold” rating and a $64.00 target price on the stock. Finally, Citigroup reduced their target price on shares of Ryan Specialty from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One equities 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 stock. Based on data from MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and a consensus price target of $54.50.

Insider Activity at Ryan Specialty

In related news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the purchase, the director directly owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 52.21% of the stock is owned by insiders.

Ryan Specialty Stock Down 3.9%

Ryan Specialty stock opened at $31.76 on Friday. Ryan Specialty Holdings Inc. has a 1-year low of $31.73 and a 1-year high of $77.16. The business has a fifty day moving average price of $41.31 and a 200-day moving average price of $49.68. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 75.61, a PEG ratio of 0.83 and a beta of 0.65.

Ryan Specialty (NYSE:RYAN) last released its quarterly 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 analysts’ expectations of $777.43 million. Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Equities research analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 24th. Ryan Specialty’s dividend payout ratio is currently 123.81%.

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.