23,994 Ryan Specialty Holdings Inc. $RYAN Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc lifted its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,330,600 shares of the company’s stock after purchasing an additional 23,994 shares during the period. Ryan Specialty accounts for 1.1% of Fenimore Asset Management Inc’s holdings, making the stock its 29th biggest position. Fenimore Asset Management Inc’s holdings in Ryan Specialty were worth $49,232,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vulcan Value Partners LLC grew its position in Ryan Specialty by 20.0% in the 2nd quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock valued at $298,782,000 after purchasing an additional 1,317,334 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Ryan Specialty by 79.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after buying an additional 3,353,926 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Ryan Specialty by 0.9% in the first quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock valued at $148,856,000 after buying an additional 37,339 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Ryan Specialty by 25.7% in the first quarter. Stephens Investment Management Group LLC now owns 2,424,337 shares of the company’s stock valued at $81,797,000 after buying an additional 495,243 shares in the last quarter. Finally, Independent Franchise Partners LLP grew its holdings in shares of Ryan Specialty by 24.4% during the fourth quarter. Independent Franchise Partners LLP now owns 2,115,313 shares of the company’s stock valued at $109,214,000 after buying an additional 415,560 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RYAN has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Barclays lifted their price target on Ryan Specialty from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Mizuho lowered their price objective on Ryan Specialty from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley raised their target price on Ryan Specialty from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, Wolfe Research cut Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Eight 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.32.

Ryan Specialty Stock Up 0.4%

Shares of RYAN stock traded up $0.15 on Thursday, hitting $37.75. The stock had a trading volume of 2,488,323 shares, compared to its average volume of 2,223,638. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average of $41.06 and a 200 day moving average of $37.62. Ryan Specialty Holdings Inc. has a 12-month low of $29.28 and a 12-month high of $58.94. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 52.43, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $873.93 million. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts expect that Ryan Specialty Holdings Inc. will post 2.18 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 11th. Ryan Specialty’s payout ratio is presently 72.22%.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.