Sanctuary Advisors LLC Reduces Stock Holdings in Ryan Specialty Holdings Inc. $RYAN

Sanctuary Advisors LLC lessened its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYANFree Report) by 46.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 12,811 shares of the company’s stock after selling 11,258 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ryan Specialty were worth $432,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Ryan Specialty in the 4th quarter valued at $25,000. Advisory Services Network LLC purchased a new stake in Ryan Specialty in the third quarter valued at $28,000. SBI Securities Co. Ltd. boosted its stake in Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 569 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Ryan Specialty by 173.7% during 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 last quarter. Finally, Quarry LP acquired a new stake in shares of Ryan Specialty during the third quarter worth about $37,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $46.25 on Thursday. The stock’s 50-day moving average price is $37.29 and its 200 day moving average price is $38.44. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $12.20 billion, a PE ratio of 60.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.61. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $61.85.

Ryan Specialty (NYSE:RYANGet Free Report) last posted 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 return on equity of 41.33% and a net margin of 8.21%.The company had revenue of $795.23 million during the quarter, compared to analysts’ expectations of $781.44 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Ryan Specialty Holdings Inc. will post 2.06 EPS for the current year.

Ryan Specialty declared that its board has initiated a stock repurchase program on Tuesday, May 26th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

RYAN has been the subject of a number of research analyst reports. Piper Sandler upped their target price on Ryan Specialty from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Citigroup reduced their price objective on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on Ryan Specialty from $37.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Mizuho lifted their target price on shares of Ryan Specialty from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Ryan Specialty from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.00.

Check Out Our Latest Stock Report on Ryan Specialty

Insider Transactions at Ryan Specialty

In related news, Director John W. Rogers, Jr. purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of $35.16 per share, with a total value of $263,700.00. Following the completion of the acquisition, the director directly owned 117,933 shares in the company, valued at $4,146,524.28. This trade represents a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Patrick G. Ryan acquired 120,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $32.50 per share, for a total transaction of $3,900,000.00. Following the completion of the transaction, the chairman owned 13,817,859 shares in the company, valued at $449,080,417.50. The trade was a 0.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 130,715 shares of company stock worth $4,263,590 over the last 90 days. 52.03% of the stock is currently owned by insiders.

Ryan Specialty Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings Inc. (NYSE:RYANFree Report).

Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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