Bessemer Group Inc. Has $80.18 Million Holdings in Ryan Specialty Holdings Inc. $RYAN

Bessemer Group Inc. cut its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 14.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,376,481 shares of the company’s stock after selling 391,926 shares during the period. Bessemer Group Inc.’s holdings in Ryan Specialty were worth $80,182,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RYAN. Westview Management dba Westview Investment Advisors bought a new stake in Ryan Specialty in the 4th quarter valued at $2,082,000. SG Americas Securities LLC bought a new stake in Ryan Specialty in the fourth quarter valued at about $20,776,000. Stephens Investment Management Group LLC increased its stake in Ryan Specialty by 41.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,929,094 shares of the company’s stock valued at $99,599,000 after acquiring an additional 566,610 shares during the period. Qsemble Capital Management LP acquired a new position in Ryan Specialty in the fourth quarter worth about $2,823,000. Finally, Mawer Investment Management Ltd. lifted its stake in Ryan Specialty by 11.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 525,172 shares of the company’s stock worth $27,115,000 after purchasing an additional 55,716 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Price Performance

Ryan Specialty stock opened at $41.94 on Friday. The business’s fifty day moving average is $35.64 and its two-hundred day moving average is $39.04. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $11.06 billion, a P/E ratio of 54.47, a P/E/G ratio of 0.92 and a beta of 0.61. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $67.63.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $795.23 million during the quarter, compared to analyst estimates of $781.44 million. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. Equities research analysts forecast that Ryan Specialty Holdings Inc. will post 2.06 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders 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 1.2%. Ryan Specialty’s payout ratio is currently 67.53%.

Ryan Specialty announced that its Board of Directors has approved a share buyback program on Tuesday, May 26th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RYAN shares. Mizuho increased their target price on Ryan Specialty from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. UBS Group dropped their price objective on Ryan Specialty from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods boosted their target price on shares of Ryan Specialty from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald increased their target price on shares of Ryan Specialty from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Atlantic Securities set a $69.00 price target on shares of Ryan Specialty in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Insider Transactions at Ryan Specialty

In other news, EVP Mark Stephen Katz acquired 3,215 shares of Ryan Specialty stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $31.07 per share, with a total value of $99,890.05. Following the acquisition, the executive vice president owned 4,332 shares in the company, valued at $134,595.24. This represents a 287.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Patrick G. Ryan acquired 120,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $32.50 per share, for a total transaction of $3,900,000.00. Following the completion of the transaction, the chairman directly owned 13,817,859 shares in the company, valued at approximately $449,080,417.50. The trade was a 0.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 130,715 shares of company stock worth $4,263,590. Corporate insiders own 52.03% of the company’s stock.

About Ryan Specialty

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.