Clarkston Capital Partners LLC Acquires New Position in Ryan Specialty Holdings Inc. $RYAN

Clarkston Capital Partners LLC acquired a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 301,915 shares of the company’s stock, valued at approximately $10,187,000.

Several other large investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Ryan Specialty during the fourth quarter valued at approximately $25,000. Advisory Services Network LLC bought a new position in Ryan Specialty in the 3rd quarter valued at approximately $28,000. SBI Securities Co. Ltd. lifted its position in Ryan Specialty by 6,322.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 569 shares in the last quarter. Parallel Advisors LLC boosted its stake in Ryan Specialty by 54.9% during the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the last quarter. Finally, Quarry LP purchased a new stake in Ryan Specialty during the 3rd quarter valued at $37,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Stock Performance

Shares of RYAN opened at $39.99 on Friday. The firm has a market capitalization of $10.54 billion, a P/E ratio of 51.94, a PEG ratio of 0.85 and a beta of 0.61. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02. Ryan Specialty Holdings Inc. has a one year low of $29.28 and a one year high of $66.27. The business has a fifty day moving average of $36.39 and a 200 day moving average of $38.64.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.Ryan Specialty’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Ryan Specialty Holdings Inc. will post 2.06 EPS for the current year.

Ryan Specialty Dividend Announcement

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

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Atlantic Securities set a $69.00 price target on Ryan Specialty in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryan Specialty in a research report on Monday, May 4th. Barclays lifted their price objective on Ryan Specialty from $39.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Zacks Research raised Ryan Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Citigroup lowered their target price on shares of Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.00.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz acquired 3,215 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the purchase, the executive vice president directly owned 4,332 shares of the company’s stock, valued at approximately $134,595.24. This trade represents a 287.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Patrick G. Ryan acquired 120,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the acquisition, the chairman owned 13,817,859 shares of the company’s stock, valued at $449,080,417.50. The trade was a 0.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 130,715 shares of company stock worth $4,263,590 in the last quarter. Company insiders own 52.03% of the company’s stock.

About Ryan Specialty

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.