Ryan Specialty Holdings Inc. $RYAN Stock Position Decreased by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,076 shares of the company’s stock after selling 14,683 shares during the period. Kennedy Capital Management LLC’s holdings in Ryan Specialty were worth $6,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RYAN. Los Angeles Capital Management LLC purchased a new stake in shares of Ryan Specialty during the 4th quarter worth about $25,000. Advisory Services Network LLC purchased a new stake in shares of Ryan Specialty during the 3rd quarter worth about $28,000. SBI Securities Co. Ltd. raised its stake in shares of Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 569 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Ryan Specialty by 173.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after purchasing an additional 450 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Price Performance

Shares of Ryan Specialty stock opened at $35.35 on Tuesday. The firm has a fifty day simple moving average of $33.66 and a 200-day simple moving average of $41.56. 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 Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $69.49. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 0.86 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The business had revenue of $795.23 million during the quarter, compared to analysts’ expectations of $781.44 million. During the same period in the previous year, the company earned $0.39 earnings per share. Ryan Specialty’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, sell-side analysts expect that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty’s payout ratio is currently 67.53%.

Ryan Specialty declared that its Board of Directors has approved a stock buyback program on Tuesday, May 26th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company downgraded Ryan Specialty from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $42.00 to $31.00 in a research note on Friday, May 1st. Bank of America cut their price target on Ryan Specialty from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. UBS Group raised their price objective on Ryan Specialty from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Cantor Fitzgerald cut their price objective 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. Finally, Barclays cut their price objective on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.12.

Insiders Place Their Bets

In other Ryan Specialty news, Director John W. Rogers, Jr. purchased 7,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average cost of $35.16 per share, with a total value of $263,700.00. Following the transaction, the director directly owned 117,933 shares in the company, valued at approximately $4,146,524.28. This represents a 6.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Stephen Katz purchased 3,215 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the transaction, the executive vice president owned 4,332 shares in the company, valued at approximately $134,595.24. This trade represents a 287.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 130,715 shares of company stock valued at $4,263,590 in the last three months. Company insiders own 52.03% of the company’s stock.

Ryan Specialty Company 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.