Ryan Specialty Holdings Inc. $RYAN Shares Purchased by Strs Ohio

Strs Ohio raised its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1,967.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,653 shares of the company’s stock after buying an additional 50,106 shares during the period. Strs Ohio’s holdings in Ryan Specialty were worth $1,777,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its position in shares of Ryan Specialty by 79.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after acquiring an additional 3,353,926 shares during the last quarter. Capital World Investors boosted its holdings in Ryan Specialty by 0.3% in the fourth quarter. Capital World Investors now owns 6,640,638 shares of the company’s stock valued at $342,856,000 after purchasing an additional 17,082 shares during the last quarter. Vulcan Value Partners LLC grew its stake in Ryan Specialty by 631.7% during the 4th quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock valued at $238,536,000 after purchasing an additional 3,989,502 shares in the last quarter. Montrusco Bolton Investments Inc. grew its stake in Ryan Specialty by 9.3% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock valued at $218,010,000 after purchasing an additional 368,247 shares in the last quarter. Finally, Morgan Stanley grew its stake in Ryan Specialty by 3.4% during the 4th quarter. Morgan Stanley now owns 2,840,310 shares of the company’s stock valued at $146,645,000 after purchasing an additional 92,593 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director John W. Rogers, Jr. acquired 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of $35.16 per share, for a total transaction of $263,700.00. Following the completion of the purchase, the director directly owned 117,933 shares in the company, valued at $4,146,524.28. The trade was a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Stephen Katz acquired 3,215 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the purchase, the executive vice president owned 4,332 shares of the company’s stock, valued at $134,595.24. This trade represents a 287.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 130,715 shares of company stock worth $4,263,590. 52.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Ryan Specialty from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Piper Sandler decreased their price target on shares of Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Barclays restated an “overweight” rating on shares of Ryan Specialty in a research note on Tuesday. Morgan Stanley upped their price target on shares of Ryan Specialty from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Monday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryan Specialty in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.59.

Ryan Specialty Stock Performance

Shares of RYAN traded up $0.71 during mid-day trading on Tuesday, hitting $41.92. The stock had a trading volume of 105,352 shares, compared to its average volume of 2,349,299. The company has a market cap of $11.05 billion, a PE ratio of 54.22, a PEG ratio of 1.01 and a beta of 0.61. The company’s fifty day simple moving average is $34.15 and its two-hundred day simple moving average is $39.65. 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 fifty-two week low of $29.28 and a fifty-two week high of $67.69.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $781.44 million. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Ryan Specialty Holdings Inc. will post 2.06 earnings per share for the current year.

Ryan Specialty announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders 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 1.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty’s dividend payout ratio is 67.53%.

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.