Fenimore Asset Management Inc Buys 23,994 Shares of Ryan Specialty Holdings Inc. $RYAN

Fenimore Asset Management Inc raised its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,330,600 shares of the company’s stock after buying an additional 23,994 shares during the period. Ryan Specialty comprises about 1.1% of Fenimore Asset Management Inc’s portfolio, making the stock its 29th biggest position. Fenimore Asset Management Inc owned 0.52% of Ryan Specialty worth $49,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RYAN. Allworth Financial LP lifted its stake in shares of Ryan Specialty by 70.0% in the second quarter. Allworth Financial LP now owns 787 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC increased its position in Ryan Specialty by 54.9% during the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Ryan Specialty by 491.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,532 shares of the company’s stock worth $79,000 after purchasing an additional 1,273 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Ryan Specialty during the 2nd quarter worth approximately $73,000. Finally, GAMMA Investing LLC lifted its position in shares of Ryan Specialty by 90.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,107 shares of the company’s stock worth $80,000 after purchasing an additional 999 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Stock Up 0.4%

Shares of Ryan Specialty stock traded up $0.15 during trading on Thursday, reaching $37.75. 2,488,323 shares of the company traded hands, compared to its average volume of 2,223,638. The firm has a market capitalization of $9.66 billion, a PE ratio of 52.43, a P/E/G ratio of 0.76 and a beta of 0.61. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $58.94. The company has a 50 day moving average price of $41.06 and a 200-day moving average price of $37.62. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.00 and a quick ratio of 1.00.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The business had revenue of $916.65 million during the quarter, compared to analysts’ expectations of $873.93 million. During the same period last year, the company posted $0.66 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that Ryan Specialty Holdings Inc. will post 2.18 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.13 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. Ryan Specialty’s dividend payout ratio (DPR) is currently 72.22%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Atlantic Securities set a $69.00 target price on shares of Ryan Specialty in a research note on Wednesday, July 15th. UBS Group boosted their target price on shares of Ryan Specialty from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Zacks Research raised shares of Ryan Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on Ryan Specialty from $39.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ryan Specialty presently has an average rating of “Hold” and an average target price of $52.32.

Ryan Specialty Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.