Motley Fool Asset Management LLC Makes New Investment in Ryan Specialty Holdings Inc. $RYAN

Motley Fool Asset Management LLC purchased a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 106,815 shares of the company’s stock, valued at approximately $3,952,000.

A number of other hedge funds have also modified their holdings of the business. Allworth Financial LP increased its position in shares of Ryan Specialty by 70.0% during the 2nd quarter. Allworth Financial LP now owns 787 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC raised its holdings in Ryan Specialty by 54.9% in the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the period. Fortitude Family Office LLC purchased a new stake in Ryan Specialty in the 3rd quarter valued at about $34,000. Integrated Wealth Concepts LLC acquired a new position in Ryan Specialty in the second quarter valued at about $73,000. Finally, KERR FINANCIAL PLANNING Corp boosted its stake in Ryan Specialty by 83.7% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 2,203 shares of the company’s stock worth $77,000 after buying an additional 1,004 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RYAN has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Ryan Specialty from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Morgan Stanley boosted their price target on shares of Ryan Specialty from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded shares of Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 18th. Citigroup upped their price objective on shares of Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, UBS Group increased their price objective on shares of Ryan Specialty from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and a consensus price target of $52.21.

Ryan Specialty Trading Up 0.5%

Shares of NYSE RYAN opened at $42.59 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.51. The stock has a market capitalization of $10.90 billion, a PE ratio of 59.15, a PEG ratio of 0.90 and a beta of 0.61. Ryan Specialty Holdings Inc. has a twelve month low of $29.28 and a twelve month high of $58.94. The stock has a fifty day simple moving average of $40.39 and a 200-day simple moving average of $39.24.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.14. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%. The firm had revenue of $916.65 million for the quarter, compared to analyst estimates of $873.93 million. During the same quarter in the prior year, the company earned $0.66 EPS. Ryan Specialty’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.17 earnings per share for the current year.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.