Ryan Specialty Holdings Inc. $RYAN Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lowered its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 52.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,517 shares of the company’s stock after selling 120,432 shares during the quarter. Ryan Specialty accounts for about 1.9% of Cooper Investors PTY Ltd.’s holdings, making the stock its 24th biggest position. Cooper Investors PTY Ltd.’s holdings in Ryan Specialty were worth $4,135,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RYAN. Qsemble Capital Management LP purchased a new stake in shares of Ryan Specialty in the fourth quarter valued at $2,823,000. Stephens Investment Management Group LLC raised its position in shares of Ryan Specialty by 41.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,929,094 shares of the company’s stock worth $99,599,000 after buying an additional 566,610 shares during the period. Mawer Investment Management Ltd. lifted its position in Ryan Specialty by 11.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 525,172 shares of the company’s stock valued at $27,115,000 after buying an additional 55,716 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in shares of Ryan Specialty by 631.7% during the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock worth $238,536,000 after purchasing an additional 3,989,502 shares in the last quarter. Finally, Equitable Trust Co. acquired a new stake in shares of Ryan Specialty in the fourth quarter valued at about $4,108,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Price Performance

RYAN stock opened at $44.62 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $61.05. The stock’s 50 day moving average is $38.20 and its two-hundred day moving average is $38.25. The company has a market capitalization of $11.76 billion, a PE ratio of 61.97, a P/E/G ratio of 0.88 and a beta of 0.59.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $916.65 million during the quarter, compared to analysts’ expectations of $873.93 million. Ryan Specialty had a return on equity of 43.97% and a net margin of 7.55%.The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Analysts predict that Ryan Specialty Holdings Inc. will post 2.14 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.52 annualized dividend and a yield of 1.2%. Ryan Specialty’s dividend payout ratio is currently 72.22%.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on RYAN. Atlantic Securities set a $69.00 price target on Ryan Specialty in a research report on Wednesday, July 15th. Wolfe Research cut shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. The Goldman Sachs Group upped their target price on shares of Ryan Specialty from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley raised their price target on shares of Ryan Specialty from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Mizuho lifted their price target on shares of Ryan Specialty from $39.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.42.

Insider Activity at Ryan Specialty

In related news, EVP Mark Stephen Katz acquired 3,215 shares of Ryan Specialty stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $31.07 per share, for a total transaction of $99,890.05. Following the purchase, the executive vice president directly owned 4,332 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Patrick G. Ryan acquired 120,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $32.50 per share, with a total value of $3,900,000.00. Following the completion of the acquisition, the chairman owned 13,817,859 shares in the company, valued at $449,080,417.50. This represents a 0.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 130,715 shares of company stock valued at $4,263,590 over the last ninety days. Corporate insiders own 52.03% of the company’s stock.

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.