Vulcan Value Partners LLC Buys 1,317,334 Shares of Ryan Specialty Holdings Inc. $RYAN

Vulcan Value Partners LLC raised its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 20.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,912,669 shares of the company’s stock after acquiring an additional 1,317,334 shares during the period. Ryan Specialty comprises about 9.1% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Vulcan Value Partners LLC’s holdings in Ryan Specialty were worth $298,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RYAN. Los Angeles Capital Management LLC purchased a new stake in shares of Ryan Specialty in the fourth quarter worth about $25,000. Advisory Services Network LLC acquired a new position in Ryan Specialty in the third quarter valued at approximately $28,000. SBI Securities Co. Ltd. lifted its holdings in Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after acquiring an additional 569 shares during the period. Parallel Advisors LLC boosted its position in Ryan Specialty by 54.9% in the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Ryan Specialty by 173.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $37,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Price Performance

RYAN traded down $1.09 during midday trading on Tuesday, hitting $40.82. 1,858,923 shares of the company traded hands, compared to its average volume of 2,220,820. The business has a 50 day simple moving average of $42.36 and a two-hundred day simple moving average of $37.56. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $59.19. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 56.70, a PEG ratio of 0.83 and a beta of 0.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.51.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The business had revenue of $916.65 million during the quarter, compared to analysts’ expectations of $873.93 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.18 earnings per share for the current fiscal year.

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

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 11th. Ryan Specialty’s payout ratio is presently 72.22%.

Insider Buying and Selling

In other news, Director John Rogers, Jr. acquired 7,500 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the purchase, the director owned 117,933 shares in the company, valued at approximately $4,146,524.28. This represents a 6.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 52.03% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAN has been the subject of a number of analyst reports. Atlantic Securities set a $69.00 price objective on shares of Ryan Specialty in a research report on Wednesday, July 15th. Zacks Research upgraded Ryan Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada upped their price target on Ryan Specialty from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Wolfe Research downgraded Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Finally, Cantor Fitzgerald raised their price objective on Ryan Specialty from $34.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.86.

Ryan Specialty 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.