Equitable Trust Co. Grows Stock Holdings in Ryan Specialty Holdings Inc. $RYAN

Equitable Trust Co. lifted its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 42.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,579 shares of the company’s stock after acquiring an additional 34,016 shares during the period. Equitable Trust Co.’s holdings in Ryan Specialty were worth $3,832,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RYAN. Los Angeles Capital Management LLC purchased a new stake in Ryan Specialty during the 4th quarter worth $25,000. Advisory Services Network LLC purchased a new position in Ryan Specialty in the third quarter valued at about $28,000. SBI Securities Co. Ltd. raised its position in Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 569 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Ryan Specialty by 173.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after purchasing an additional 450 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Ryan Specialty during the third quarter worth about $37,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryan Specialty in a research note on Monday, May 4th. Piper Sandler reduced their price target on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Morgan Stanley upped their price target on Ryan Specialty from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group lowered their price objective on shares of Ryan Specialty from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Bank of America dropped their price objective on shares of Ryan Specialty from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.59.

Trending Headlines about Ryan Specialty

Here are the key news stories impacting Ryan Specialty this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Ryan Specialty to $48 from $44 and kept an outperform rating, signaling continued upside potential. Benzinga report
• Positive Sentiment: UBS lifted its target to $50 from $52 and reiterated a buy rating, suggesting analysts still see meaningful upside from current levels. Benzinga report
• Neutral Sentiment: Ryan Specialty announced that Nirvana will acquire certain assets of its Swedish subsidiary, a transaction that appears to be a limited portfolio change rather than a major companywide shift. Article link

Ryan Specialty Trading Down 1.7%

NYSE:RYAN opened at $40.59 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. Ryan Specialty Holdings Inc. has a one year low of $29.28 and a one year high of $67.69. The business’s 50-day simple moving average is $34.53 and its 200 day simple moving average is $39.40. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 52.72, a price-to-earnings-growth ratio of 0.99 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.39 earnings per share. Ryan Specialty’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts predict that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 12th. Ryan Specialty’s dividend payout ratio is 67.53%.

Ryan Specialty announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 26th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, EVP Mark Stephen Katz purchased 3,215 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 of the company’s stock, valued at approximately $134,595.24. The trade was a 287.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the completion of the acquisition, the director directly owned 117,933 shares of the company’s stock, valued at $4,146,524.28. This represents a 6.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 130,715 shares of company stock worth $4,263,590. 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.