611,000 Shares in Ryan Specialty Holdings Inc. $RYAN Purchased by Kensico Capital Management Corp

Kensico Capital Management Corp bought a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 611,000 shares of the company’s stock, valued at approximately $34,436,000. Ryan Specialty comprises approximately 0.5% of Kensico Capital Management Corp’s investment portfolio, making the stock its 20th biggest position. Kensico Capital Management Corp owned about 0.23% of Ryan Specialty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MAI Capital Management grew its holdings in shares of Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after buying an additional 188 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ryan Specialty by 83.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock valued at $35,000 after buying an additional 273 shares during the period. Fifth Third Bancorp boosted its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Ryan Specialty during the second quarter worth approximately $56,000. Finally, Hantz Financial Services Inc. grew its stake in Ryan Specialty by 878.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 851 shares of the company’s stock worth $48,000 after acquiring an additional 764 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group set a $61.00 price target on Ryan Specialty in a research note on Wednesday, January 7th. Jefferies Financial Group began coverage on Ryan Specialty in a research report on Monday, December 1st. They issued a “hold” rating and a $64.00 price objective for the company. UBS Group dropped their target price on Ryan Specialty from $71.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their target price on Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Finally, BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $66.00 to $43.00 in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Ryan Specialty presently has a consensus rating of “Hold” and an average target price of $56.40.

Insider Activity at Ryan Specialty

In other news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were bought at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the acquisition, the director directly owned 428,295 shares in the company, valued at $17,114,668.20. This trade represents a 6.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 52.21% of the stock is currently owned by company insiders.

Ryan Specialty Stock Down 0.0%

Shares of RYAN opened at $36.16 on Monday. Ryan Specialty Holdings Inc. has a fifty-two week low of $35.84 and a fifty-two week high of $77.16. The company’s fifty day moving average is $44.67 and its two-hundred day moving average is $51.11. The firm has a market cap of $9.55 billion, a PE ratio of 86.11, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.62.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The firm had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. Analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.13 per share. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, February 24th. Ryan Specialty’s 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.