Mawer Investment Management Ltd. Reduces Holdings in Ryan Specialty Holdings Inc. $RYAN

Mawer Investment Management Ltd. lowered its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 2.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 496,934 shares of the company’s stock after selling 14,220 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Ryan Specialty were worth $33,787,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RYAN. Whittier Trust Co. of Nevada Inc. increased its position in shares of Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after acquiring an additional 245 shares during the last quarter. SVB Wealth LLC purchased a new position in Ryan Specialty in the first quarter valued at about $26,000. Golden State Wealth Management LLC grew its stake in Ryan Specialty by 10,975.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after purchasing an additional 439 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Ryan Specialty during the 2nd quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Ryan Specialty in the 1st quarter valued at approximately $32,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Chairman Patrick G. Ryan acquired 276,634 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average cost of $51.84 per share, with a total value of $14,340,706.56. Following the acquisition, the chairman directly owned 13,699,959 shares of the company’s stock, valued at $710,205,874.56. This represents a 2.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 52.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RYAN shares. Cantor Fitzgerald upgraded shares of Ryan Specialty to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group dropped their target price on shares of Ryan Specialty from $71.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Citigroup initiated coverage on shares of Ryan Specialty in a research report on Wednesday, August 13th. They issued a “buy” rating and a $74.00 price target on the stock. UBS Group lowered their price objective on shares of Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Wolfe Research upgraded shares of Ryan Specialty to a “strong-buy” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.54.

Ryan Specialty Stock Performance

Shares of RYAN opened at $57.00 on Tuesday. The firm has a fifty day moving average of $54.37 and a 200-day moving average of $61.30. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 123.92, a price-to-earnings-growth ratio of 1.63 and a beta of 0.62. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. Ryan Specialty Holdings Inc. has a 1 year low of $50.08 and a 1 year high of $77.16.

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

Ryan Specialty Dividend Announcement

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

Ryan Specialty Profile

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.