Blair William & Co. IL Increases Stake in Ryan Specialty Holdings Inc. (NYSE:RYAN)

Key Points

• Blair William & Co. IL increased its stake in Ryan Specialty Holdings Inc. by purchasing 18,953 shares, bringing its total ownership to approximately 2.78 million shares valued at $205.7 million.
• Several institutional investors have also adjusted their positions in Ryan Specialty, with notable increases from firms like Mariner LLC and Whittier Trust Co. of Nevada.
• Ryan Specialty recently reported earnings of $0.66 per share and announced a quarterly dividend of $0.12, reflecting a yield of 0.8% and a payout ratio of 137.14%.

Blair William & Co. IL increased its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,784,916 shares of the company's stock after buying an additional 18,953 shares during the quarter. Blair William & Co. IL owned about 1.06% of Ryan Specialty worth $205,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in Ryan Specialty by 19.2% during the fourth quarter. LPL Financial LLC now owns 32,864 shares of the company's stock worth $2,109,000 after purchasing an additional 5,297 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Ryan Specialty by 21.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,302 shares of the company's stock valued at $982,000 after acquiring an additional 2,684 shares in the last quarter. Wellington Management Group LLP acquired a new position in Ryan Specialty during the 4th quarter worth $29,599,000. Geode Capital Management LLC lifted its stake in Ryan Specialty by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company's stock worth $115,468,000 after purchasing an additional 46,960 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Ryan Specialty by 2,644.8% during the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock worth $51,000 after purchasing an additional 767 shares during the period. Hedge funds and other institutional investors own 84.82% of the company's stock.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, Director David P. Bolger sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the transaction, the director owned 71,467 shares in the company, valued at approximately $5,059,863.60. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Stephen Katz sold 14,377 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $65.84, for a total transaction of $946,581.68. Following the sale, the executive vice president directly owned 1,117 shares of the company's stock, valued at approximately $73,543.28. This represents a 92.79% decrease in their position. The disclosure for this sale can be found here. 52.21% of the stock is owned by company insiders.

Ryan Specialty Price Performance

Shares of Ryan Specialty stock traded up $1.49 on Thursday, hitting $58.86. 949,725 shares of the company traded hands, compared to its average volume of 1,060,294. The company has a market cap of $15.45 billion, a P/E ratio of 167.95, a P/E/G ratio of 1.66 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 12-month low of $55.77 and a 12-month high of $77.16. The firm's 50-day simple moving average is $65.77 and its 200 day simple moving average is $68.01. The company has a current ratio of 1.01, a quick ratio of 1.05 and a debt-to-equity ratio of 2.88.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.66. The business had revenue of $855.17 million for the quarter, compared to the consensus estimate of $837.52 million. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The company's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. Analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. Ryan Specialty's dividend payout ratio (DPR) is presently 137.14%.

Analyst Ratings Changes

RYAN has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Ryan Specialty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, July 14th. Wells Fargo & Company lowered their target price on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. UBS Group decreased their price objective on shares of Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday. Wall Street Zen upgraded Ryan Specialty from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, The Goldman Sachs Group raised Ryan Specialty from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $74.00 to $81.00 in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.30.

About Ryan Specialty

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.