Vicus Capital Buys New Position in Ryan Specialty Holdings Inc. $RYAN

Vicus Capital bought a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,877 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Ryan Specialty by 281.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after buying an additional 245 shares in the last quarter. SVB Wealth LLC bought a new stake in Ryan Specialty in the first quarter worth about $26,000. WPG Advisers LLC acquired a new stake in Ryan Specialty in the 1st quarter valued at about $32,000. Central Pacific Bank Trust Division acquired a new stake in Ryan Specialty in the 2nd quarter valued at about $31,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Ryan Specialty during the 1st quarter valued at about $35,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RYAN. Morgan Stanley cut their price target on shares of Ryan Specialty from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Cantor Fitzgerald raised Ryan Specialty to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Wells Fargo & Company upgraded shares of Ryan Specialty from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research note on Wednesday, September 17th. Finally, UBS Group lowered their target price on Ryan Specialty from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.92.

Ryan Specialty Price Performance

RYAN opened at $55.91 on Friday. The company has a fifty day moving average price of $56.84 and a two-hundred day moving average price of $64.62. The firm has a market capitalization of $14.74 billion, a PE ratio of 159.76, a P/E/G ratio of 1.52 and a beta of 0.63. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings Inc. has a 52 week low of $50.08 and a 52 week high of $77.16.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $855.17 million for the quarter, compared to analysts’ expectations of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.Ryan Specialty’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. As a group, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Ryan Specialty’s dividend payout ratio (DPR) is 137.14%.

Insider Buying and Selling

In other Ryan Specialty news, Chairman Patrick G. Ryan bought 276,634 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of $51.84 per share, with a total value of $14,340,706.56. Following the acquisition, the chairman owned 13,699,959 shares of the company’s stock, valued at $710,205,874.56. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.21% of the company’s stock.

Ryan Specialty Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.