Ryan Specialty (NYSE:RYAN) Director Patrick Ryan, Jr. Buys 25,500 Shares

Ryan Specialty Holdings Inc. (NYSE:RYAN) Director Patrick Ryan, Jr. purchased 25,500 shares of the stock in a transaction on Monday, February 23rd. The stock was bought at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the completion of the transaction, the director directly owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded down $0.27 during midday trading on Tuesday, reaching $38.75. 3,380,000 shares of the company traded hands, compared to its average volume of 2,207,205. Ryan Specialty Holdings Inc. has a 12 month low of $37.29 and a 12 month high of $77.16. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $48.54 and its 200-day simple moving average is $53.15. The firm has a market cap of $10.24 billion, a PE ratio of 92.27, a PEG ratio of 1.07 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The firm had revenue of $751.21 million during the quarter, compared to the consensus estimate of $777.43 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, February 24th. Ryan Specialty’s dividend payout ratio is presently 114.29%.

Institutional Investors Weigh In On Ryan Specialty

Several institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in Ryan Specialty in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in shares of Ryan Specialty during the 3rd quarter valued at $28,000. Golden State Wealth Management LLC lifted its stake in shares of Ryan Specialty by 10,975.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after purchasing an additional 439 shares during the period. SBI Securities Co. Ltd. boosted its position 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 purchasing an additional 569 shares during the last quarter. Finally, MAI Capital Management boosted its position in shares of Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Ryan Specialty in a research report on Monday, December 1st. They issued a “hold” rating and a $64.00 price objective for the company. Morgan Stanley lowered their target price on Ryan Specialty from $61.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday. Barclays reduced their price target on shares of Ryan Specialty from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. The Goldman Sachs Group set a $61.00 price objective on shares of Ryan Specialty in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Ryan Specialty presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Ryan Specialty Company Profile

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.