Woodline Partners LP Acquires Shares of 545,254 Ryan Specialty Holdings Inc. $RYAN

Woodline Partners LP acquired a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) during the first quarter, according to its most recent filing with the SEC. The firm acquired 545,254 shares of the company’s stock, valued at approximately $40,278,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ryan Specialty by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 10,271,428 shares of the company’s stock valued at $758,750,000 after buying an additional 390,924 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ryan Specialty by 66.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company’s stock valued at $225,404,000 after buying an additional 1,218,147 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Ryan Specialty by 0.7% in the 1st quarter. Blair William & Co. IL now owns 2,784,916 shares of the company’s stock worth $205,722,000 after purchasing an additional 18,953 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Ryan Specialty by 0.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,378,573 shares of the company’s stock worth $175,706,000 after purchasing an additional 12,573 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Ryan Specialty by 2.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,642,527 shares of the company’s stock worth $121,333,000 after purchasing an additional 34,932 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of Ryan Specialty stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the sale, the executive vice president owned 1,117 shares of the company’s stock, valued at $73,543.28. This trade represents a 92.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 52.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RYAN. Morgan Stanley reduced their price target on Ryan Specialty from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Cantor Fitzgerald upgraded Ryan Specialty to a “hold” rating in a research report on Wednesday, August 13th. UBS Group reduced their price target on Ryan Specialty from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Wells Fargo & Company reduced their price target on Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.83.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock opened at $52.63 on Wednesday. The company has a market capitalization of $13.88 billion, a PE ratio of 150.38, a PEG ratio of 1.50 and a beta of 0.63. Ryan Specialty Holdings Inc. has a 12 month low of $52.61 and a 12 month high of $77.16. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The stock’s fifty day simple moving average is $60.84 and its 200 day simple moving average is $66.43.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $855.17 million for the quarter, compared to the consensus estimate of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. On average, research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

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

About Ryan Specialty

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.