Ryan Specialty Holdings Inc. $RYAN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 84.0% during the first quarter, Holdings Channel reports. The firm owned 64,484 shares of the company’s stock after selling 337,918 shares during the quarter. SG Americas Securities LLC’s holdings in Ryan Specialty were worth $2,176,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in shares of Ryan Specialty during the fourth quarter worth $25,000. Advisory Services Network LLC purchased a new stake in shares of Ryan Specialty in the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. lifted its stake in Ryan Specialty by 6,322.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after acquiring an additional 569 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Ryan Specialty by 173.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $37,000 after acquiring an additional 450 shares during the period. Finally, Quarry LP purchased a new stake in Ryan Specialty during the third quarter worth about $37,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RYAN shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Ryan Specialty in a research note on Tuesday, May 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Ryan Specialty in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their price objective on Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. Piper Sandler reduced their price objective on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, UBS Group boosted their target price on Ryan Specialty from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.41.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz acquired 3,215 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the acquisition, the executive vice president owned 4,332 shares in the company, valued at $134,595.24. The trade was a 287.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Patrick G. Ryan bought 120,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $32.50 per share, with a total value of $3,900,000.00. Following the purchase, the chairman 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 130,715 shares of company stock valued at $4,263,590. 52.03% of the stock is currently owned by corporate insiders.

Ryan Specialty Trading Up 6.0%

Shares of NYSE:RYAN opened at $40.02 on Thursday. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $67.69. The company’s 50 day moving average is $33.84 and its two-hundred day moving average is $39.91. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.90. The company has a market cap of $10.55 billion, a PE ratio of 51.98, a P/E/G ratio of 0.91 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $795.23 million for the quarter, compared to analyst estimates of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Equities analysts predict that Ryan Specialty Holdings Inc. will post 2.06 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Ryan Specialty’s payout ratio is 67.53%.

Ryan Specialty declared that its board has initiated a stock repurchase plan on Tuesday, May 26th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.