Dudley & Shanley Inc. Buys 15,750 Shares of Ryan Specialty Holdings Inc. $RYAN

Dudley & Shanley Inc. raised its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 477,671 shares of the company’s stock after buying an additional 15,750 shares during the period. Ryan Specialty makes up approximately 4.0% of Dudley & Shanley Inc.’s portfolio, making the stock its 11th largest position. Dudley & Shanley Inc.’s holdings in Ryan Specialty were worth $24,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Ryan Specialty by 149.7% during the third quarter. JPMorgan Chase & Co. now owns 421,330 shares of the company’s stock valued at $23,746,000 after purchasing an additional 252,582 shares during the period. Geneva Capital Management LLC raised its stake in shares of Ryan Specialty by 11.2% in the third quarter. Geneva Capital Management LLC now owns 535,742 shares of the company’s stock valued at $30,194,000 after buying an additional 53,810 shares during the period. Beck Mack & Oliver LLC purchased a new position in shares of Ryan Specialty during the 3rd quarter valued at $2,818,000. TD Asset Management Inc lifted its position in shares of Ryan Specialty by 2,181.8% during the 3rd quarter. TD Asset Management Inc now owns 205,133 shares of the company’s stock valued at $11,561,000 after buying an additional 196,143 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of Ryan Specialty by 19.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,139,836 shares of the company’s stock worth $64,241,000 after acquiring an additional 184,390 shares during the period. 84.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Ryan Specialty from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Piper Sandler cut their target price on shares of Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald reduced their target price on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Wells Fargo & Company lowered their price target on shares of Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Finally, The Goldman Sachs Group set a $61.00 price target on shares of Ryan Specialty in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average price target of $54.50.

Ryan Specialty Stock Performance

Shares of RYAN opened at $34.58 on Tuesday. The stock’s 50-day simple moving average is $42.73 and its 200 day simple moving average is $50.24. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 82.32, a price-to-earnings-growth ratio of 0.91 and a beta of 0.66. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. Ryan Specialty Holdings Inc. has a 52-week low of $33.94 and a 52-week high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The company had revenue of $751.21 million for the quarter, compared to analysts’ expectations of $777.43 million. During the same period in the previous year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a dividend of $0.13 per share. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Ryan Specialty’s dividend payout ratio is presently 123.81%.

Insider Buying and Selling

In other news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $39.96 per share, with a total value of $1,018,980.00. Following the acquisition, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.