Dockside LLC Acquires Shares of 22,067 Ryan Specialty Holdings Inc. $RYAN

Dockside LLC acquired a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 22,067 shares of the company’s stock, valued at approximately $1,139,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in shares of Ryan Specialty in the 4th quarter valued at $25,000. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. increased its stake in shares of Ryan Specialty by 6,322.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after purchasing an additional 569 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Ryan Specialty by 65.4% in the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock valued at $34,000 after purchasing an additional 242 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Ryan Specialty by 173.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $37,000 after purchasing an additional 450 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Patrick G. Ryan bought 120,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $32.50 per share, with a total value of $3,900,000.00. Following the acquisition, the chairman owned 13,817,859 shares of the company’s stock, valued at $449,080,417.50. This represents a 0.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Stephen Katz bought 3,215 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the acquisition, the executive vice president directly owned 4,332 shares in the company, valued at approximately $134,595.24. This trade represents a 287.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 130,715 shares of company stock valued at $4,263,590. 52.03% of the stock is currently owned by company insiders.

Ryan Specialty Stock Down 0.0%

Shares of RYAN opened at $35.64 on Monday. The company has a market capitalization of $9.40 billion, a PE ratio of 46.28, a PEG ratio of 0.86 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 12 month low of $29.28 and a 12 month high of $69.49. The stock’s 50-day moving average price is $33.63 and its two-hundred day moving average price is $41.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The firm had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.05 EPS for the current year.

Ryan Specialty announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 26th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Ryan Specialty Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 annualized dividend and a yield of 1.5%. Ryan Specialty’s payout ratio is presently 67.53%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research lowered Ryan Specialty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada assumed coverage on Ryan Specialty in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $45.00 price target on the stock. Cantor Fitzgerald decreased their price target on Ryan Specialty from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Piper Sandler decreased their price target on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, UBS Group lifted their price target on Ryan Specialty from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.12.

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.