Stephens Investment Management Group LLC Has $99.60 Million Stake in Ryan Specialty Holdings Inc. $RYAN

Stephens Investment Management Group LLC increased its holdings in Ryan Specialty Holdings Inc. (NYSE:RYANFree Report) by 41.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,929,094 shares of the company’s stock after buying an additional 566,610 shares during the period. Ryan Specialty accounts for 1.3% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 10th biggest position. Stephens Investment Management Group LLC’s holdings in Ryan Specialty were worth $99,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RYAN. Royal Bank of Canada boosted its holdings in Ryan Specialty by 10.6% in the 1st quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock worth $4,406,000 after buying an additional 5,739 shares during the period. AQR Capital Management LLC boosted its holdings in Ryan Specialty by 25.1% in the 1st quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock worth $367,000 after buying an additional 998 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Ryan Specialty by 46.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock worth $27,787,000 after buying an additional 119,055 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Ryan Specialty by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock worth $24,586,000 after buying an additional 33,667 shares during the period. Finally, Creative Planning boosted its holdings in Ryan Specialty by 15.4% in the 2nd quarter. Creative Planning now owns 4,586 shares of the company’s stock worth $312,000 after buying an additional 613 shares during the period. 84.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the stock in a transaction dated Monday, February 23rd. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the acquisition, the director owned 428,295 shares in the company, valued at $17,114,668.20. The trade was a 6.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 52.03% of the company’s stock.

Ryan Specialty Trading Up 2.0%

Shares of RYAN opened at $31.83 on Friday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 0.75 and a beta of 0.68. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. Ryan Specialty Holdings Inc. has a fifty-two week low of $29.28 and a fifty-two week high of $72.50. The firm has a 50 day moving average price of $34.56 and a 200-day moving average price of $44.99.

Ryan Specialty (NYSE:RYANGet Free Report) last announced 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. The firm had revenue of $795.23 million during the quarter, compared to analyst estimates of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. As a group, equities research analysts forecast that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, May 12th. Ryan Specialty’s payout ratio is presently 67.53%.

Analysts Set New Price Targets

Several research firms recently commented on RYAN. UBS Group cut their price objective on shares of Ryan Specialty from $59.00 to $51.00 and set a “buy” rating for the company in a report on Monday, May 4th. Zacks Research cut shares of Ryan Specialty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. decreased their target price on shares of Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $42.00 target price on shares of Ryan Specialty in a report on Friday, May 1st. Finally, Bank of America decreased their target price on shares of Ryan Specialty from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.82.

View Our Latest Stock Analysis on RYAN

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.

Further Reading

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

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