Fluent Financial LLC Takes $1.43 Million Position in Ryan Specialty Holdings Inc. $RYAN

Fluent Financial LLC purchased a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,784 shares of the company’s stock, valued at approximately $1,434,000.

Other institutional investors also recently bought and sold shares of the company. Independent Franchise Partners LLP bought a new position in Ryan Specialty during the third quarter valued at $95,798,000. Champlain Investment Partners LLC lifted its holdings in shares of Ryan Specialty by 76.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock worth $172,800,000 after acquiring an additional 1,332,773 shares during the last quarter. Norges Bank bought a new stake in shares of Ryan Specialty in the 2nd quarter worth about $88,305,000. Principal Financial Group Inc. boosted its stake in shares of Ryan Specialty by 21.1% during the 3rd quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock worth $247,576,000 after purchasing an additional 765,428 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its stake 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 worth $217,745,000 after purchasing an additional 762,638 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Piper Sandler cut their target price on Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Cantor Fitzgerald reduced their price target on Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $66.00 to $43.00 in a research note on Wednesday, February 25th. Finally, Mizuho dropped their price objective on Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ryan Specialty currently has an average rating of “Hold” and an average price target of $54.50.

Ryan Specialty Price Performance

Ryan Specialty stock opened at $31.76 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 0.83 and a beta of 0.65. The firm has a 50-day moving average of $41.31 and a two-hundred day moving average of $49.68. Ryan Specialty Holdings Inc. has a 1 year low of $31.73 and a 1 year high of $77.16.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company had revenue of $751.21 million for the quarter, compared to analysts’ expectations of $777.43 million. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, February 24th. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. Ryan Specialty’s dividend payout ratio (DPR) is 123.81%.

Insiders Place Their Bets

In other news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the transaction, the director directly owned 428,295 shares in the company, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 52.21% of the stock is currently owned by company insiders.

Ryan Specialty 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.