Liontrust Investment Partners LLP Takes Position in Ryan Specialty Holdings Inc. (NYSE:RYAN)

Liontrust Investment Partners LLP bought a new position in Ryan Specialty Holdings Inc. (NYSE:RYAN) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,261 shares of the company’s stock, valued at approximately $758,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Ryan Specialty by 4.0% in the first quarter. Vanguard Group Inc. now owns 10,271,428 shares of the company’s stock worth $758,750,000 after buying an additional 390,924 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Ryan Specialty by 66.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company’s stock valued at $225,404,000 after purchasing an additional 1,218,147 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Ryan Specialty by 0.7% in the 1st quarter. Blair William & Co. IL now owns 2,784,916 shares of the company’s stock worth $205,722,000 after acquiring an additional 18,953 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in Ryan Specialty by 2.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,642,527 shares of the company’s stock worth $121,333,000 after buying an additional 34,932 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Ryan Specialty by 121.6% in the 1st quarter. Invesco Ltd. now owns 1,590,862 shares of the company’s stock valued at $117,517,000 after purchasing an additional 872,846 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RYAN shares. Cantor Fitzgerald upgraded shares of Ryan Specialty to a “hold” rating in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Ryan Specialty from $78.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Wells Fargo & Company decreased their price objective on shares of Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Barclays decreased their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. Finally, Citigroup initiated coverage on shares of Ryan Specialty in a research report on Wednesday. They set a “buy” rating and a $74.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.08.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the business’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the transaction, the executive vice president owned 1,117 shares of the company’s stock, valued at approximately $73,543.28. The trade was a 92.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David P. Bolger sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the transaction, the director directly owned 71,467 shares in the company, valued at $5,059,863.60. This represents a 6.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 52.21% of the company’s stock.

Ryan Specialty Trading Down 0.6%

NYSE:RYAN opened at $59.14 on Friday. Ryan Specialty Holdings Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $77.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $15.60 billion, a PE ratio of 168.98, a price-to-earnings-growth ratio of 1.65 and a beta of 0.64. The business’s 50-day simple moving average is $64.25 and its 200-day simple moving average is $67.73.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.48 annualized dividend and a yield of 0.8%. Ryan Specialty’s dividend payout ratio is 137.14%.

About Ryan Specialty

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.