Vicus Capital Invests $264,000 in Ryan Specialty Holdings Inc. $RYAN

Vicus Capital purchased a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,877 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RYAN. Whittier Trust Co. of Nevada Inc. increased its position in shares of Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after acquiring an additional 245 shares during the last quarter. SVB Wealth LLC acquired a new stake in Ryan Specialty in the 1st quarter valued at approximately $26,000. Central Pacific Bank Trust Division purchased a new stake in Ryan Specialty in the second quarter valued at approximately $31,000. WPG Advisers LLC acquired a new position in Ryan Specialty during the first quarter worth $32,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Ryan Specialty during the first quarter worth $35,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Ryan Specialty Stock Up 2.7%

RYAN stock opened at $55.91 on Friday. Ryan Specialty Holdings Inc. has a one year low of $50.08 and a one year high of $77.16. The company has a 50 day moving average price of $56.84 and a two-hundred day moving average price of $64.62. The stock has a market capitalization of $14.74 billion, a P/E ratio of 159.76, a PEG ratio of 1.52 and a beta of 0.63. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, July 31st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $855.17 million during the quarter, compared to analysts’ expectations of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, sell-side analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Ryan Specialty’s dividend payout ratio (DPR) is 137.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RYAN shares. Citigroup started coverage on Ryan Specialty in a report on Wednesday, August 13th. They set a “buy” rating and a $74.00 target price for the company. Wolfe Research raised shares of Ryan Specialty to a “strong-buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald upgraded shares of Ryan Specialty to a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company upgraded shares of Ryan Specialty from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Wednesday, September 17th. Finally, Morgan Stanley decreased their price target on Ryan Specialty from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.92.

Insider Buying and Selling

In other news, Chairman Patrick G. Ryan acquired 276,634 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the transaction, the chairman directly owned 13,699,959 shares in the company, valued at $710,205,874.56. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 52.21% of the stock is currently owned by insiders.

Ryan Specialty Company Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.