Marsico Capital Management LLC Sells 212,928 Shares of Ryan Specialty Holdings Inc. $RYAN

Marsico Capital Management LLC trimmed its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 78.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,302 shares of the company’s stock after selling 212,928 shares during the quarter. Marsico Capital Management LLC’s holdings in Ryan Specialty were worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RYAN. Vulcan Value Partners LLC lifted its holdings in shares of Ryan Specialty by 631.7% during 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. Independent Franchise Partners LLP bought a new position in shares of Ryan Specialty during the 3rd quarter valued at $95,798,000. Champlain Investment Partners LLC lifted its holdings in shares of Ryan Specialty by 76.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock valued at $172,800,000 after buying an additional 1,332,773 shares during the period. Norges Bank bought a new position in shares of Ryan Specialty during the 4th quarter valued at $60,546,000. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Ryan Specialty by 23.7% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 3,974,869 shares of the company’s stock valued at $217,745,000 after buying an additional 762,638 shares during the period. 84.82% of the stock is owned by institutional investors.

Insider Activity

In other Ryan Specialty news, Chairman Patrick G. Ryan acquired 120,000 shares of the stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $32.50 per share, for a total transaction of $3,900,000.00. Following the completion of the transaction, the chairman directly 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 legal filing with the SEC, which is available through the SEC website. Also, EVP Mark Stephen Katz acquired 3,215 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $31.07 per share, for a total transaction of $99,890.05. Following the completion of the transaction, the executive vice president directly owned 4,332 shares of the company’s stock, valued at approximately $134,595.24. This represents a 287.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 130,715 shares of company stock worth $4,263,590 over the last ninety days. Corporate insiders own 52.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RYAN. Royal Bank Of Canada began coverage on Ryan Specialty in a report on Tuesday, March 17th. They set an “outperform” rating and a $45.00 price target on the stock. Citigroup lowered their price target on Ryan Specialty from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Zacks Research lowered Ryan Specialty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Piper Sandler decreased their target price on Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Barclays decreased their target price on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.12.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $34.48 on Friday. The stock has a 50-day simple moving average of $33.57 and a two-hundred day simple moving average of $41.87. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $69.49. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $9.09 billion, a PE ratio of 44.77, a P/E/G ratio of 0.83 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. Analysts forecast that Ryan Specialty Holdings Inc. will post 2.05 EPS for the current year.

Ryan Specialty declared that its Board of Directors has approved a stock buyback plan on Tuesday, May 26th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 12th. Ryan Specialty’s payout ratio is presently 67.53%.

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.