45,196 Shares in Ryan Specialty Holdings Inc. $RYAN Acquired by Oak Family Advisors LLC

Oak Family Advisors LLC bought a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 45,196 shares of the company’s stock, valued at approximately $2,547,000.

Other hedge funds also recently bought and sold shares of the company. Peregrine Capital Management LLC lifted its position in shares of Ryan Specialty by 1.6% in the third quarter. Peregrine Capital Management LLC now owns 175,925 shares of the company’s stock valued at $9,915,000 after acquiring an additional 2,790 shares in the last quarter. HB Wealth Management LLC raised its stake in Ryan Specialty by 1.2% in the 3rd quarter. HB Wealth Management LLC now owns 53,614 shares of the company’s stock valued at $3,022,000 after purchasing an additional 660 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Ryan Specialty by 1.1% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 26,900 shares of the company’s stock valued at $1,516,000 after purchasing an additional 300 shares in the last quarter. Securian Asset Management Inc. lifted its holdings in Ryan Specialty by 2.9% in the 3rd quarter. Securian Asset Management Inc. now owns 8,438 shares of the company’s stock valued at $476,000 after purchasing an additional 241 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Ryan Specialty by 3.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the company’s stock worth $1,770,000 after purchasing an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

NYSE RYAN opened at $50.30 on Friday. Ryan Specialty Holdings Inc. has a 1-year low of $50.08 and a 1-year high of $77.16. The business’s 50-day simple moving average is $54.66 and its 200-day simple moving average is $57.30. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.27 billion, a P/E ratio of 109.36, a P/E/G ratio of 1.21 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $754.58 million during the quarter, compared to analyst estimates of $742.35 million. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.0%. Ryan Specialty’s dividend payout ratio (DPR) is presently 104.35%.

Analyst Ratings Changes

RYAN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their target price on shares of Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday. TD Cowen lowered their target price on shares of Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley set a $61.00 price target on Ryan Specialty in a research note on Tuesday, December 16th. Finally, Barclays decreased their price objective on Ryan Specialty from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.88.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the sale, the chief executive officer owned 12,553 shares in the company, valued at approximately $672,966.33. The trade was a 91.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 52.21% of the stock is currently owned by corporate 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.