EJMK Ventures LLC Buys New Position in Ryan Specialty Holdings Inc. $RYAN

EJMK Ventures LLC bought a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,025 shares of the company’s stock, valued at approximately $1,137,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in Ryan Specialty in the fourth quarter valued at $25,000. Advisory Services Network LLC acquired a new stake in shares of Ryan Specialty during the 3rd quarter valued at approximately $28,000. SBI Securities Co. Ltd. lifted its stake in Ryan Specialty by 6,322.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 569 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Ryan Specialty by 65.4% in the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Ryan Specialty by 173.7% in the fourth 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 during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on RYAN. Royal Bank Of Canada assumed coverage on Ryan Specialty in a research report on Tuesday, March 17th. They set an “outperform” rating and a $45.00 price objective for the company. Morgan Stanley reduced their target price on shares of Ryan Specialty from $45.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Zacks Research lowered Ryan Specialty from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Mizuho set a $35.00 target price on Ryan Specialty in a research report on Friday, May 1st. Finally, Piper Sandler cut their target price 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. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and a consensus price target of $47.12.

Ryan Specialty Trading Down 0.1%

Shares of RYAN opened at $34.94 on Friday. The business’s 50-day moving average price is $33.75 and its 200 day moving average price is $41.04. The stock has a market capitalization of $9.21 billion, a P/E ratio of 45.37, a P/E/G ratio of 0.84 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $69.49. 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 posted its quarterly earnings data on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating 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 company had revenue of $795.23 million during the quarter, compared to analyst estimates of $781.44 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Dividend Announcement

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

Ryan Specialty declared that its board has authorized 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 purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at Ryan Specialty

In other news, Chairman Patrick G. Ryan acquired 120,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $32.50 per share, with a total value of $3,900,000.00. Following the purchase, the chairman owned 13,817,859 shares of the company’s stock, valued at approximately $449,080,417.50. This trade represents a 0.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John W. Rogers, Jr. acquired 7,500 shares of the stock in a transaction on Wednesday, June 10th. The shares were purchased at an average price of $35.16 per share, for a total transaction of $263,700.00. Following the completion of the transaction, the director owned 117,933 shares in the company, valued at approximately $4,146,524.28. This represents a 6.79% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 130,715 shares of company stock worth $4,263,590. 52.03% of the stock is owned by corporate insiders.

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.