Quantinno Capital Management LP Buys 184,238 Shares of Ryan Specialty Holdings Inc. $RYAN

Quantinno Capital Management LP raised its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 290.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,767 shares of the company’s stock after acquiring an additional 184,238 shares during the period. Quantinno Capital Management LP’s holdings in Ryan Specialty were worth $8,360,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Qsemble Capital Management LP bought a new position in shares of Ryan Specialty in the fourth quarter worth $2,823,000. Stephens Investment Management Group LLC lifted its position in Ryan Specialty by 41.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,929,094 shares of the company’s stock worth $99,599,000 after purchasing an additional 566,610 shares during the period. Mawer Investment Management Ltd. grew its stake in Ryan Specialty by 11.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 525,172 shares of the company’s stock worth $27,115,000 after buying an additional 55,716 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in Ryan Specialty by 631.7% in the 4th quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock valued at $238,536,000 after buying an additional 3,989,502 shares during the period. Finally, Equitable Trust Co. bought a new position in Ryan Specialty in the 4th quarter valued at about $4,108,000. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Stock Up 2.3%

RYAN stock opened at $44.62 on Wednesday. The firm has a 50-day moving average price of $38.20 and a 200-day moving average price of $38.25. Ryan Specialty Holdings Inc. has a 12 month low of $29.28 and a 12 month high of $61.05. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 3.51. The stock has a market capitalization of $11.76 billion, a P/E ratio of 61.97, a price-to-earnings-growth ratio of 0.88 and a beta of 0.59.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $916.65 million for the quarter, compared to analyst estimates of $873.93 million. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. As a group, equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.14 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a $0.13 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. Ryan Specialty’s dividend payout ratio (DPR) is currently 72.22%.

Ryan Specialty declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 26th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

RYAN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryan Specialty in a research note on Friday. Piper Sandler boosted their price objective on shares of Ryan Specialty from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday. Atlantic Securities set a $69.00 target price on Ryan Specialty in a research note on Wednesday, July 15th. Finally, Citigroup raised their target price on Ryan Specialty from $50.00 to $53.50 and gave the company a “buy” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Ryan Specialty currently has a consensus rating of “Hold” and a consensus price target of $53.42.

Insider Buying and Selling at Ryan Specialty

In other news, Chairman Patrick G. Ryan purchased 120,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the purchase, the chairman owned 13,817,859 shares of the company’s stock, valued at approximately $449,080,417.50. The trade was a 0.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Rogers, Jr. purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average price of $35.16 per share, with a total value of $263,700.00. Following the completion of the purchase, the director directly owned 117,933 shares in the company, valued at $4,146,524.28. The trade was a 6.79% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 130,715 shares of company stock worth $4,263,590 over the last quarter. Corporate insiders own 52.03% of the company’s stock.

About Ryan Specialty

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.