Confluence Investment Management LLC Grows Stock Holdings in Ryan Specialty Holdings Inc. $RYAN

Confluence Investment Management LLC increased its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 64.6% during the 3rd quarter, Holdings Channel reports. The firm owned 311,140 shares of the company’s stock after purchasing an additional 122,139 shares during the quarter. Confluence Investment Management LLC’s holdings in Ryan Specialty were worth $11,512,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Guardian Point Capital LP increased its stake in Ryan Specialty by 15.0% in the 1st quarter. Guardian Point Capital LP now owns 575,000 shares of the company’s stock valued at $19,400,000 after buying an additional 75,000 shares during the last quarter. Bank of America Corp DE increased its position in shares of Ryan Specialty by 34.8% during the first quarter. Bank of America Corp DE now owns 1,508,083 shares of the company’s stock valued at $50,883,000 after acquiring an additional 389,505 shares during the last quarter. Entropy Technologies LP bought a new stake in Ryan Specialty during the first quarter worth $2,189,000. Independent Franchise Partners LLP increased its position in shares of Ryan Specialty by 24.4% during the 4th quarter. Independent Franchise Partners LLP now owns 2,115,313 shares of the company’s stock valued at $109,214,000 after purchasing an additional 415,560 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Ryan Specialty by 79.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after purchasing an additional 3,353,926 shares during the period. 84.82% of the stock is owned by institutional investors.

Ryan Specialty Stock Performance

Shares of NYSE:RYAN traded up $1.24 during trading on Thursday, hitting $38.24. 655,266 shares of the company were exchanged, compared to its average volume of 2,215,789. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $59.19. The stock has a 50 day moving average of $41.60 and a 200 day moving average of $37.53. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $9.78 billion, a PE ratio of 53.14, a P/E/G ratio of 0.75 and a beta of 0.57.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $916.65 million during the quarter, compared to analysts’ expectations of $873.93 million. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, equities research analysts predict that Ryan Specialty Holdings Inc. will post 2.18 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. Ryan Specialty’s dividend payout ratio is currently 72.22%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RYAN. Keefe, Bruyette & Woods raised their price objective on shares of Ryan Specialty from $48.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group raised their price target on shares of Ryan Specialty from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. The Goldman Sachs Group increased their price objective on Ryan Specialty from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.97.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.