C WorldWide Group Holding A S Has $11.81 Million Stake in Ryan Specialty Holdings Inc. $RYAN

C WorldWide Group Holding A S lifted its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 30.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 228,637 shares of the company’s stock after buying an additional 53,701 shares during the period. C WorldWide Group Holding A S’s holdings in Ryan Specialty were worth $11,805,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Ryan Specialty during the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its position in shares of Ryan Specialty by 6,322.2% during 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 period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Ryan Specialty by 83.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock worth $35,000 after buying an additional 273 shares during the period. Fifth Third Bancorp grew its position in shares of Ryan Specialty by 65.4% during 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 period. Finally, Quarry LP acquired a new stake in shares of Ryan Specialty during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of RYAN opened at $31.26 on Monday. Ryan Specialty Holdings Inc. has a 12-month low of $29.28 and a 12-month high of $72.50. The business’s fifty day moving average is $35.54 and its 200 day moving average is $45.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90. The stock has a market cap of $8.26 billion, a P/E ratio of 40.60, a P/E/G ratio of 0.73 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The company had revenue of $795.23 million for the quarter, compared to analysts’ expectations of $781.44 million. During the same period last year, the business earned $0.39 EPS. Ryan Specialty’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts anticipate that Ryan Specialty Holdings Inc. will post 2.08 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.52 annualized dividend and a yield of 1.7%. Ryan Specialty’s dividend payout ratio (DPR) is 67.53%.

Insiders Place Their Bets

In related news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the purchase, the director owned 428,295 shares in the company, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 52.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RYAN. Citigroup reduced their price objective on shares of Ryan Specialty from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Keefe, Bruyette & Woods reduced their price objective on shares of Ryan Specialty from $49.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryan Specialty in a report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Finally, Wells Fargo & Company cut Ryan Specialty from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $42.00 to $31.00 in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.82.

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.