Ryan Specialty (NYSE:RYAN) Director Patrick Ryan, Jr. Purchases 365 Shares

Ryan Specialty Holdings Inc. (NYSE:RYAN) Director Patrick Ryan, Jr. bought 365 shares of the stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $41.41 per share, with a total value of $15,114.65. Following the completion of the acquisition, the director directly owned 256,559 shares in the company, valued at approximately $10,624,108.19. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryan Specialty Stock Down 0.7%

Shares of Ryan Specialty stock traded down $0.27 during trading on Tuesday, hitting $38.75. 3,380,364 shares of the stock traded hands, compared to its average volume of 2,207,267. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock’s fifty day simple moving average is $48.54 and its 200 day simple moving average is $53.15. The firm has a market cap of $10.24 billion, a P/E ratio of 92.27, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. Ryan Specialty Holdings Inc. has a 52-week low of $37.29 and a 52-week high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, February 12th. The company reported $0.45 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 period last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.13 per share. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.52 annualized dividend and a yield of 1.3%. Ryan Specialty’s payout ratio is 114.29%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Ryan Specialty in the 4th quarter valued at $25,000. Advisory Services Network LLC purchased a new position in Ryan Specialty during the third quarter worth approximately $28,000. Golden State Wealth Management LLC increased its position in Ryan Specialty by 10,975.0% during the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after purchasing an additional 439 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in 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. Finally, MAI Capital Management boosted its holdings in Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after purchasing an additional 188 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RYAN. Mizuho set a $53.00 price target on Ryan Specialty in a research report on Friday, February 13th. BMO Capital Markets reduced their target price on shares of Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. UBS Group cut their target price on shares of Ryan Specialty from $71.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company lowered their price target on shares of Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Finally, Jefferies Financial Group began coverage on shares of Ryan Specialty in a report on Monday, December 1st. They issued a “hold” rating and a $64.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

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.