Ryan Specialty (NYSE:RYAN) Director John Rogers, Jr. Purchases 7,500 Shares

Ryan Specialty Holdings Inc. (NYSE:RYAN) Director John Rogers, Jr. purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of $35.16 per share, for a total transaction of $263,700.00. Following the purchase, the director directly owned 117,933 shares in the company, valued at approximately $4,146,524.28. The trade was a 6.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ryan Specialty Trading Down 0.6%

Shares of Ryan Specialty stock opened at $34.48 on Friday. The company’s fifty day simple moving average is $33.57 and its 200-day simple moving average is $41.87. The stock has a market capitalization of $9.09 billion, a PE ratio of 44.77, a P/E/G ratio of 0.83 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $69.49. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $795.23 million during the quarter, compared to analyst estimates of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, equities analysts anticipate that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 12th. Ryan Specialty’s dividend payout ratio is presently 67.53%.

Ryan Specialty declared that its board has authorized 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 usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Ryan Specialty

Several hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Ryan Specialty by 79.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company’s stock worth $389,910,000 after buying an additional 3,353,926 shares in the last quarter. Capital World Investors lifted its holdings in shares of Ryan Specialty by 0.3% in the fourth quarter. Capital World Investors now owns 6,640,638 shares of the company’s stock worth $342,856,000 after buying an additional 17,082 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in shares of Ryan Specialty by 631.7% in the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company’s stock worth $238,536,000 after buying an additional 3,989,502 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ryan Specialty by 0.9% in the first quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock worth $148,856,000 after buying an additional 37,339 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Ryan Specialty by 9.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 4,343,116 shares of the company’s stock worth $218,010,000 after buying an additional 368,247 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAN has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Ryan Specialty from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. BMO Capital Markets lowered shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $66.00 to $43.00 in a research report on Wednesday, February 25th. The Goldman Sachs Group lowered shares of Ryan Specialty from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.00 to $35.00 in a research report on Monday. Bank of America dropped their price target on shares of Ryan Specialty from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Barclays dropped their price target on shares of Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.12.

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.