Blair William & Co. IL Sells 138,320 Shares of Ryan Specialty Holdings Inc. $RYAN

Blair William & Co. IL decreased its stake in Ryan Specialty Holdings Inc. (NYSE:RYANFree Report) by 5.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,522,471 shares of the company’s stock after selling 138,320 shares during the quarter. Blair William & Co. IL’s holdings in Ryan Specialty were worth $130,235,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of Ryan Specialty in the 4th quarter worth $25,000. Advisory Services Network LLC bought a new position in shares of Ryan Specialty in the 3rd quarter worth $28,000. SBI Securities Co. Ltd. increased its holdings in shares of Ryan Specialty by 6,322.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after buying an additional 569 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Ryan Specialty by 65.4% in the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after buying an additional 242 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Ryan Specialty by 173.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after buying an additional 450 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Mizuho set a $35.00 price target on shares of Ryan Specialty in a report on Friday, May 1st. Bank of America decreased their price target 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. Wells Fargo & Company lowered shares of Ryan Specialty from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $42.00 to $31.00 in a report on Friday, May 1st. UBS Group increased their price target on shares of Ryan Specialty from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Citigroup decreased their price target on shares of Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.12.

View Our Latest Stock Report on RYAN

Ryan Specialty Price Performance

Shares of Ryan Specialty stock opened at $35.40 on Wednesday. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $69.49. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 45.97, a price-to-earnings-growth ratio of 0.85 and a beta of 0.64. The company has a fifty day moving average of $33.70 and a 200-day moving average of $41.40. 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 (NYSE:RYANGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The company had revenue of $795.23 million during the quarter, compared to analysts’ expectations of $781.44 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Equities research analysts expect that Ryan Specialty Holdings Inc. will post 2.05 EPS for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Ryan Specialty’s dividend payout ratio is 67.53%.

Ryan Specialty announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 26th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, EVP Mark Stephen Katz purchased 3,215 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $31.07 per share, with a total value of $99,890.05. Following the transaction, the executive vice president directly owned 4,332 shares of the company’s stock, valued at approximately $134,595.24. This represents a 287.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Rogers, Jr. purchased 7,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $35.16 per share, with a total value of $263,700.00. Following the transaction, 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 disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 130,715 shares of company stock valued at $4,263,590. Corporate insiders own 52.03% of the company’s stock.

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.

Recommended Stories

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)

Receive News & Ratings for Ryan Specialty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryan Specialty and related companies with MarketBeat.com's FREE daily email newsletter.