Qsemble Capital Management LP Invests $2.82 Million in Ryan Specialty Holdings Inc. $RYAN

Qsemble Capital Management LP bought a new position in Ryan Specialty Holdings Inc. (NYSE:RYAN) in the fourth quarter, Holdings Channel.com reports. The firm bought 54,672 shares of the company’s stock, valued at approximately $2,823,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the third quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 569 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Ryan Specialty by 83.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock worth $35,000 after acquiring an additional 273 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Ryan Specialty by 65.4% in 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. Finally, Quarry LP bought a new position in shares of Ryan Specialty in the third quarter worth about $37,000. Institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RYAN. UBS Group dropped their target price on shares of Ryan Specialty from $59.00 to $51.00 and set a “buy” rating for the company in a report on Monday, May 4th. Wells Fargo & Company lowered shares of Ryan Specialty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $42.00 to $31.00 in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. Cantor Fitzgerald dropped their price objective on shares of Ryan Specialty from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Zacks Research lowered shares of Ryan Specialty from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average target price of $47.82.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $31.83 on Friday. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 0.75 and a beta of 0.68. The firm has a 50 day moving average of $34.56 and a 200-day moving average of $44.99. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $72.50.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $795.23 million during the quarter, compared to analyst estimates of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. Ryan Specialty’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. On average, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, May 12th. Ryan Specialty’s payout ratio is 67.53%.

Insider Buying and Selling

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. purchased 25,500 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the purchase, the director owned 428,295 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Company insiders own 52.03% of the company’s stock.

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.