Ryan Specialty Holdings Inc. $RYAN Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 46.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,811 shares of the company’s stock after selling 11,258 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ryan Specialty were worth $432,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RYAN. Advisory Services Network LLC purchased a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $28,000. Los Angeles Capital Management LLC purchased a new position in shares of Ryan Specialty during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. increased its holdings 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 purchasing an additional 569 shares during the last quarter. Quarry LP purchased a new stake in Ryan Specialty in the third quarter valued at approximately $37,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Ryan Specialty by 173.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $37,000 after purchasing an additional 450 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RYAN shares. The Goldman Sachs Group raised their target price on Ryan Specialty from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Ryan Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. UBS Group dropped their price objective on shares of Ryan Specialty from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Wolfe Research downgraded shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Mizuho increased their target price on shares of Ryan Specialty from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Insider Activity at Ryan Specialty

In other news, Director John W. Rogers, Jr. acquired 7,500 shares of Ryan Specialty stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the acquisition, the director owned 117,933 shares of the company’s stock, valued at $4,146,524.28. This trade represents a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Stephen Katz acquired 3,215 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 4,332 shares in the company, valued at approximately $134,595.24. The trade was a 287.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 130,715 shares of company stock valued at $4,263,590 over the last 90 days. 52.03% of the stock is owned by corporate insiders.

Ryan Specialty Price Performance

Shares of NYSE RYAN opened at $46.25 on Thursday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 60.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.61. The stock’s 50-day moving average is $37.29 and its two-hundred day moving average is $38.44. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $61.85.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business had revenue of $795.23 million during the quarter, compared to analysts’ expectations of $781.44 million. During the same quarter last year, the business posted $0.39 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts forecast that Ryan Specialty Holdings Inc. will post 2.06 EPS for the current fiscal year.

Ryan Specialty announced that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.