Jackson Square Partners LLC Has $2.45 Million Stock Position in Ryan Specialty Holdings Inc. $RYAN

Jackson Square Partners LLC lessened its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 87.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,086 shares of the company’s stock after selling 243,369 shares during the quarter. Jackson Square Partners LLC’s holdings in Ryan Specialty were worth $2,453,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Ryan Specialty by 2.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,351 shares of the company’s stock worth $543,000 after acquiring an additional 207 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Ryan Specialty by 281.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after acquiring an additional 245 shares during the last quarter. Wallace Advisory Group LLC raised its position in Ryan Specialty by 5.8% during the second quarter. Wallace Advisory Group LLC now owns 4,837 shares of the company’s stock valued at $357,000 after purchasing an additional 267 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Ryan Specialty by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,201,000 after purchasing an additional 300 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of Ryan Specialty by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 25,500 shares of the company’s stock valued at $1,884,000 after purchasing an additional 300 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on RYAN shares. Citigroup started coverage on Ryan Specialty in a research report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating for the company in a report on Thursday, October 9th. Wolfe Research raised shares of Ryan Specialty to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, BMO Capital Markets cut their target price on shares of Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.54.

Insider Buying and Selling at Ryan Specialty

In related news, Chairman Patrick G. Ryan acquired 276,634 shares of the stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the transaction, the chairman directly owned 13,699,959 shares of the company’s stock, valued at $710,205,874.56. The trade was a 2.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 52.21% of the company’s stock.

Ryan Specialty Trading Up 1.8%

RYAN opened at $57.95 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.01. Ryan Specialty Holdings Inc. has a fifty-two week low of $50.08 and a fifty-two week high of $77.16. The company’s 50 day moving average price is $54.36 and its two-hundred day moving average price is $61.50. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 125.99, a PEG ratio of 1.60 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The company had revenue of $754.58 million for the quarter, compared to analyst estimates of $742.35 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. Ryan Specialty’s revenue was up 24.8% compared to the same quarter last year. As a group, research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Ryan Specialty’s dividend payout ratio is presently 104.35%.

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.