Vulcan Value Partners LLC Acquires 3,989,502 Shares of Ryan Specialty Holdings Inc. $RYAN

Vulcan Value Partners LLC increased its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 631.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,621,079 shares of the company’s stock after acquiring an additional 3,989,502 shares during the quarter. Ryan Specialty makes up about 4.3% of Vulcan Value Partners LLC’s holdings, making the stock its 12th biggest holding. Vulcan Value Partners LLC’s holdings in Ryan Specialty were worth $238,536,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Ryan Specialty by 21.1% in the third quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock valued at $247,576,000 after acquiring an additional 765,428 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Ryan Specialty by 9.3% in 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 boosted its position in shares of Ryan Specialty by 76.9% in 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. Geode Capital Management LLC boosted its position in shares of Ryan Specialty by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,151,206 shares of the company’s stock valued at $111,089,000 after acquiring an additional 60,847 shares during the period. Finally, Viking Global Investors LP boosted its position in shares of Ryan Specialty by 37.0% in the third quarter. Viking Global Investors LP now owns 1,934,957 shares of the company’s stock valued at $109,054,000 after acquiring an additional 522,190 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Stock Up 1.3%

Shares of Ryan Specialty stock opened at $32.76 on Thursday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $72.50. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 0.76 and a beta of 0.68. The company’s 50 day moving average price is $33.88 and its 200-day moving average price is $43.76.

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

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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 12th. Ryan Specialty’s payout ratio is 67.53%.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Ryan Specialty from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $42.00 to $31.00 in a research report on Friday, May 1st. Barclays cut their price objective on shares of Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Morgan Stanley lowered their target price on shares of Ryan Specialty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Royal Bank Of Canada assumed coverage on shares of Ryan Specialty in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, UBS Group set a $39.00 target price on shares of Ryan Specialty in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Ryan Specialty currently has an average rating of “Hold” and an average price target of $46.76.

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.