Ryan Specialty (NYSE:RYAN) Director Patrick Ryan, Jr. Acquires 365 Shares of Stock

Ryan Specialty Holdings Inc. (NYSE:RYAN) Director Patrick Ryan, Jr. acquired 365 shares of the business’s stock in a transaction on Friday, February 20th. The stock was acquired at an average cost of $41.41 per share, for a total transaction of $15,114.65. Following the transaction, the director directly owned 256,559 shares in the company, valued at $10,624,108.19. The trade was a 0.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ryan Specialty Stock Down 0.7%

NYSE:RYAN opened at $38.75 on Wednesday. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 92.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62. Ryan Specialty Holdings Inc. has a twelve month low of $37.29 and a twelve month high of $77.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock has a fifty day simple moving average of $48.25 and a 200-day simple moving average of $53.01.

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

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Ryan Specialty’s payout ratio is presently 123.81%.

Institutional Investors Weigh In On Ryan Specialty

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Ryan Specialty by 10.6% in the first quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock worth $4,406,000 after purchasing an additional 5,739 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Ryan Specialty by 25.1% in the 1st quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock worth $367,000 after buying an additional 998 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Ryan Specialty by 46.3% during the first quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock valued at $27,787,000 after acquiring an additional 119,055 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Ryan Specialty by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock valued at $24,586,000 after acquiring an additional 33,667 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Ryan Specialty by 55.7% in the second quarter. Allianz Asset Management GmbH now owns 12,297 shares of the company’s stock worth $836,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RYAN shares. The Goldman Sachs Group set a $61.00 target price on Ryan Specialty in a research report on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of Ryan Specialty in a research note on Wednesday, November 26th. BMO Capital Markets lowered their price objective on shares of Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Barclays dropped their target price on shares of Ryan Specialty from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Finally, Piper Sandler reduced their price target on shares of Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

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.