Ryan Specialty (NYSE:RYAN) EVP Mark Stephen Katz Purchases 3,215 Shares

Ryan Specialty Holdings Inc. (NYSE:RYAN) EVP Mark Stephen Katz purchased 3,215 shares of Ryan Specialty stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $31.07 per share, with a total value of $99,890.05. Following the completion of the transaction, the executive vice president owned 4,332 shares of the company’s stock, valued at $134,595.24. This represents a 287.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $30.86 on Thursday. The business’s fifty day moving average is $33.57 and its 200 day moving average is $42.87. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 0.78 and a beta of 0.64. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $71.32.

Ryan Specialty (NYSE:RYAN) last issued its earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $781.44 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Research analysts predict that Ryan Specialty Holdings Inc. will post 2.04 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 annualized dividend and a yield of 1.7%. Ryan Specialty’s payout ratio is currently 67.53%.

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

Institutional Investors Weigh In On Ryan Specialty

A number of large investors have recently added to or reduced their stakes in RYAN. Advisory Services Network LLC purchased a new position in shares of Ryan Specialty during the 3rd quarter valued at about $28,000. Los Angeles Capital Management LLC purchased a new position in Ryan Specialty in the 4th quarter worth $25,000. SBI Securities Co. Ltd. lifted its stake in Ryan Specialty by 6,322.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock worth $30,000 after purchasing an additional 569 shares during the last quarter. Fifth Third Bancorp lifted its stake in Ryan Specialty by 65.4% in the third quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the last quarter. Finally, Quarry LP purchased a new stake in Ryan Specialty during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

RYAN has been the subject of several research analyst reports. Zacks Research lowered Ryan Specialty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryan Specialty in a report on Monday, May 4th. Royal Bank Of Canada started coverage on Ryan Specialty in a research report on Tuesday, March 17th. They set an “outperform” rating and a $45.00 price target for the company. UBS Group set a $39.00 price objective on Ryan Specialty in a report on Thursday, May 21st. Finally, Barclays decreased their price objective on shares of Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.76.

Ryan Specialty Company 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.