Ryan Specialty Holdings Inc. $RYAN is Cooper Investors PTY Ltd.’s 2nd Largest Position

Cooper Investors PTY Ltd. cut its holdings in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 9.2% in the fourth quarter, HoldingsChannel reports. The firm owned 459,018 shares of the company’s stock after selling 46,356 shares during the period. Ryan Specialty accounts for about 7.9% of Cooper Investors PTY Ltd.’s holdings, making the stock its 2nd biggest holding. Cooper Investors PTY Ltd.’s holdings in Ryan Specialty were worth $23,699,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RYAN. Royal Bank of Canada lifted its holdings in shares of Ryan Specialty by 10.6% in the 1st quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock valued at $4,406,000 after buying an additional 5,739 shares during the period. AQR Capital Management LLC grew its holdings in Ryan Specialty by 25.1% during the first quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock worth $367,000 after acquiring an additional 998 shares during the period. Goldman Sachs Group Inc. raised its position in Ryan Specialty by 46.3% during the first quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock valued at $27,787,000 after acquiring an additional 119,055 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Ryan Specialty by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock valued at $24,586,000 after acquiring an additional 33,667 shares in the last quarter. Finally, Creative Planning lifted its holdings in Ryan Specialty by 15.4% in the second quarter. Creative Planning now owns 4,586 shares of the company’s stock valued at $312,000 after acquiring an additional 613 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Stock Up 0.0%

Ryan Specialty stock opened at $31.76 on Monday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $8.39 billion, a PE ratio of 75.61, a price-to-earnings-growth ratio of 0.83 and a beta of 0.66. The business has a 50 day simple moving average of $41.31 and a 200-day simple moving average of $49.67. Ryan Specialty Holdings Inc. has a 12 month low of $31.73 and a 12 month high of $77.16.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share (EPS) 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 business had revenue of $751.21 million for the quarter, compared to analysts’ expectations of $777.43 million. During the same quarter last year, the business earned $0.45 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.6%. Ryan Specialty’s payout ratio is 123.81%.

Insider Activity

In related news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the completion of the transaction, the director directly owned 428,295 shares in the company, valued at $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 52.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald dropped their price objective on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods decreased their target price on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. BMO Capital Markets downgraded shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $66.00 to $43.00 in a report on Wednesday, February 25th. UBS Group dropped their price target on shares of Ryan Specialty from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Piper Sandler cut their price objective on shares of Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.50.

Ryan Specialty 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.