Polar Capital Holdings Plc Has $91.90 Million Position in Ryan Specialty Holdings Inc. $RYAN

Polar Capital Holdings Plc grew its holdings in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 5.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,780,000 shares of the company’s stock after purchasing an additional 92,500 shares during the period. Polar Capital Holdings Plc’s holdings in Ryan Specialty were worth $91,901,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RYAN. Ameritas Investment Partners Inc. increased its position in shares of Ryan Specialty by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company’s stock valued at $1,190,000 after acquiring an additional 185 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Ryan Specialty by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company’s stock valued at $1,848,000 after purchasing an additional 203 shares during the last quarter. Covestor Ltd boosted its position in Ryan Specialty by 16.8% during the fourth quarter. Covestor Ltd now owns 1,467 shares of the company’s stock valued at $76,000 after purchasing an additional 211 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Ryan Specialty by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,355 shares of the company’s stock valued at $1,309,000 after purchasing an additional 240 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its stake in Ryan Specialty by 7.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,313 shares of the company’s stock valued at $171,000 after purchasing an additional 240 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Stock Up 0.2%

RYAN opened at $35.40 on Wednesday. The stock’s fifty day simple moving average is $33.70 and its 200 day simple moving average is $41.40. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $69.49. The stock has a market cap of $9.33 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 0.85 and a beta of 0.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm had revenue of $795.23 million during the quarter, compared to analysts’ expectations of $781.44 million. During the same period in the previous year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. Ryan Specialty’s payout ratio is presently 67.53%.

Ryan Specialty declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 26th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RYAN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryan Specialty in a research note on Monday, May 4th. Citigroup decreased their target price on shares of Ryan Specialty from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Bank of America lowered their target price on shares of Ryan Specialty from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Piper Sandler cut their price target on shares of Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Barclays decreased their price objective on shares of Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.12.

Insider Activity at Ryan Specialty

In other news, EVP Mark Stephen Katz acquired 3,215 shares of Ryan Specialty stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the acquisition, the executive vice president directly owned 4,332 shares in the company, valued at approximately $134,595.24. The trade was a 287.82% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Patrick G. Ryan bought 120,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the transaction, the chairman directly owned 13,817,859 shares of the company’s stock, valued at $449,080,417.50. The trade was a 0.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 130,715 shares of company stock worth $4,263,590. Insiders own 52.03% of the company’s stock.

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.