Vise Technologies Inc. Acquires 16,311 Shares of Ryan Specialty Holdings Inc. $RYAN

Vise Technologies Inc. increased its holdings in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 189.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,941 shares of the company’s stock after buying an additional 16,311 shares during the period. Vise Technologies Inc.’s holdings in Ryan Specialty were worth $923,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RYAN. Vulcan Value Partners LLC grew its holdings in Ryan Specialty by 20.0% during the 2nd quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company’s stock worth $298,782,000 after acquiring an additional 1,317,334 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ryan Specialty by 0.9% during the first quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company’s stock valued at $148,856,000 after acquiring an additional 37,339 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Ryan Specialty by 34.8% during the first quarter. Bank of America Corp DE now owns 1,508,083 shares of the company’s stock valued at $50,883,000 after acquiring an additional 389,505 shares during the last quarter. Fenimore Asset Management Inc lifted its holdings in shares of Ryan Specialty by 1.8% during the third quarter. Fenimore Asset Management Inc now owns 1,330,600 shares of the company’s stock worth $49,232,000 after purchasing an additional 23,994 shares during the period. Finally, Guardian Point Capital LP lifted its holdings in shares of Ryan Specialty by 15.0% during the first quarter. Guardian Point Capital LP now owns 575,000 shares of the company’s stock worth $19,400,000 after purchasing an additional 75,000 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on RYAN. Weiss Ratings raised shares of Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Morgan Stanley raised their target price on Ryan Specialty from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company lifted their target price on Ryan Specialty from $41.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Citigroup lifted their target price on Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, UBS Group reduced their price target on Ryan Specialty from $55.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ryan Specialty currently has a consensus rating of “Hold” and a consensus target price of $52.15.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $47.71 on Monday. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings Inc. has a fifty-two week low of $29.28 and a fifty-two week high of $58.94. The company has a 50 day simple moving average of $40.75 and a two-hundred day simple moving average of $39.06. The company has a market capitalization of $12.20 billion, a PE ratio of 58.90, a P/E/G ratio of 1.01 and a beta of 0.54.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. The firm had revenue of $789.96 million for the quarter, compared to the consensus estimate of $792.99 million. During the same quarter in the previous year, the company earned $0.47 EPS. Research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.18 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Ryan Specialty’s dividend payout ratio (DPR) is currently 64.20%.

About Ryan Specialty

Ryan Specialty is a specialty insurance organization that provides distribution, underwriting and related services to insurance brokers, agents and carriers. Its business includes wholesale brokerage, which helps insurance professionals place coverage for risks that may be difficult to insure in the standard market, and underwriting management services for specialty insurance products.

The company works across a range of property and casualty insurance lines, including professional liability, transportation, property, casualty and other specialty risks.