AustralianSuper Pty Ltd Acquires New Holdings in Ryan Specialty Holdings Inc. $RYAN

AustralianSuper Pty Ltd bought a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 226,397 shares of the company’s stock, valued at approximately $12,760,000. AustralianSuper Pty Ltd owned approximately 0.09% of Ryan Specialty as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RYAN. Vanguard Personalized Indexing Management LLC increased its position in shares of Ryan Specialty by 20.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,417 shares of the company’s stock worth $644,000 after acquiring an additional 1,939 shares in the last quarter. LBP AM SA acquired a new position in Ryan Specialty in the 3rd quarter worth $2,660,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Ryan Specialty by 83.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock worth $35,000 after purchasing an additional 273 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Ryan Specialty by 3.5% in the 3rd quarter. Retirement Systems of Alabama now owns 136,231 shares of the company’s stock valued at $7,678,000 after purchasing an additional 4,663 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Ryan Specialty by 20.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 650,796 shares of the company’s stock valued at $36,679,000 after purchasing an additional 110,207 shares during the period. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of RYAN opened at $47.23 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The company’s fifty day simple moving average is $52.76 and its 200 day simple moving average is $55.56. Ryan Specialty Holdings Inc. has a 1-year low of $46.18 and a 1-year high of $77.16. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 102.68, a PEG ratio of 1.20 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $754.58 million during the quarter, compared to the consensus estimate of $742.35 million. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. On average, research analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RYAN has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their price objective on Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Barclays lowered their price objective on shares of Ryan Specialty from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. UBS Group reduced their target price on shares of Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Morgan Stanley set a $61.00 target price on shares of Ryan Specialty in a research report on Tuesday, December 16th. Finally, Mizuho set a $60.00 price target on shares of Ryan Specialty in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Buying and Selling

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the transaction, the chief executive officer owned 12,553 shares of the company’s stock, valued at $672,966.33. The trade was a 91.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 52.21% of the company’s stock.

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.