Focus Partners Wealth Purchases New Holdings in Ryan Specialty Holdings Inc. $RYAN

Focus Partners Wealth purchased a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 842,646 shares of the company’s stock, valued at approximately $43,506,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in Ryan Specialty by 0.3% during the fourth quarter. Capital World Investors now owns 6,640,638 shares of the company’s stock valued at $342,856,000 after acquiring an additional 17,082 shares during the period. Vulcan Value Partners LLC increased its stake in Ryan Specialty by 631.7% during the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock valued at $238,536,000 after acquiring an additional 3,989,502 shares during the period. Montrusco Bolton Investments Inc. increased its stake in Ryan Specialty by 9.3% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock valued at $218,010,000 after acquiring an additional 368,247 shares during the period. Champlain Investment Partners LLC increased its stake in Ryan Specialty by 76.9% during the third quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock valued at $172,800,000 after acquiring an additional 1,332,773 shares during the period. Finally, Morgan Stanley increased its stake in Ryan Specialty by 3.4% during the fourth quarter. Morgan Stanley now owns 2,840,310 shares of the company’s stock valued at $146,645,000 after acquiring an additional 92,593 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director John W. Rogers, Jr. bought 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, with a total value of $263,700.00. Following the acquisition, the director directly owned 117,933 shares of the company’s stock, valued at $4,146,524.28. The trade was a 6.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Patrick G. Ryan acquired 120,000 shares of Ryan Specialty stock in a transaction on Friday, June 5th. The shares were purchased 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 in the company, valued at approximately $449,080,417.50. This represents a 0.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 130,715 shares of company stock valued at $4,263,590 in the last three months. 52.03% of the stock is owned by corporate insiders.

Ryan Specialty Stock Down 0.8%

Shares of RYAN opened at $35.35 on Tuesday. The company has a market capitalization of $9.32 billion, a P/E ratio of 45.91, a PEG ratio of 0.86 and a beta of 0.64. 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 $69.49. The business’s 50 day simple moving average is $33.66 and its 200-day simple moving average is $41.56.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The business 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. As a group, sell-side analysts predict that Ryan Specialty Holdings Inc. will post 2.05 EPS for the current fiscal year.

Ryan Specialty declared that its board has initiated a stock repurchase program on Tuesday, May 26th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty’s payout ratio is presently 67.53%.

Wall Street Analysts Forecast Growth

RYAN has been the topic of several research reports. Citigroup lowered their price target on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Morgan Stanley decreased their price objective on Ryan Specialty from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Cantor Fitzgerald decreased their price objective on Ryan Specialty from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Piper Sandler decreased their price objective on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Bank of America decreased their price objective on Ryan Specialty from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Ryan Specialty presently has an average rating of “Hold” and an average price target of $47.12.

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.