Comerica Bank Has $1.67 Million Holdings in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Comerica Bank cut its position in Ryan Specialty by 92.7%, selling 410,894 shares and leaving 32,274 shares valued at $1,666,000 at the end of the quarter.
• Ryan Specialty beat Q1 estimates with $0.47 EPS (vs. $0.43) and $795.2M revenue (up 15.2% YoY) and posted a 41.33% ROE, but carries high leverage (debt/equity 2.90) and is trading near its 52‑week low around $29.5.
• Director Patrick G. Ryan Jr. purchased 25,500 shares recently, while analysts remain mixed (consensus "Hold" with a $48.12 target), signaling conflicting insider and market views.

Comerica Bank cut its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 92.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,274 shares of the company's stock after selling 410,894 shares during the period. Comerica Bank's holdings in Ryan Specialty were worth $1,666,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in Ryan Specialty by 0.9% during the third quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company's stock worth $1,190,000 after buying an additional 185 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Ryan Specialty by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company's stock valued at $1,848,000 after acquiring an additional 203 shares in the last quarter. Securian Asset Management Inc. boosted its position in shares of Ryan Specialty by 2.9% during the 3rd quarter. Securian Asset Management Inc. now owns 8,438 shares of the company's stock valued at $476,000 after acquiring an additional 241 shares in the last quarter. Fifth Third Bancorp increased its stake in Ryan Specialty by 65.4% in the third quarter. Fifth Third Bancorp now owns 612 shares of the company's stock valued at $34,000 after acquiring an additional 242 shares during the period. Finally, Snowden Capital Advisors LLC increased its stake in Ryan Specialty by 1.3% in the second quarter. Snowden Capital Advisors LLC now owns 21,135 shares of the company's stock valued at $1,437,000 after acquiring an additional 264 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Price Performance

Shares of RYAN stock opened at $29.53 on Thursday. Ryan Specialty Holdings Inc. has a 52 week low of $29.37 and a 52 week high of $72.50. The stock has a market capitalization of $7.80 billion, a PE ratio of 38.35, a PEG ratio of 0.70 and a beta of 0.68. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.98 and a current ratio of 1.02. The stock's fifty day moving average is $35.68 and its 200-day moving average is $46.00.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Equities research analysts expect that Ryan Specialty Holdings Inc. will post 2.12 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.8%. Ryan Specialty's dividend payout ratio (DPR) is currently 67.53%.

Insider Buying and Selling at Ryan Specialty

In related news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the transaction, the director directly owned 428,295 shares of the company's stock, valued at approximately $17,114,668.20. This trade represents a 6.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on RYAN shares. Wells Fargo & Company cut shares of Ryan Specialty from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $42.00 to $31.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their target price on Ryan Specialty from $49.00 to $43.00 and set an "underweight" rating for the company in a report on Thursday, April 9th. Zacks Research downgraded Ryan Specialty from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 24th. Royal Bank Of Canada started coverage on Ryan Specialty in a research note on Tuesday, March 17th. They issued an "outperform" rating and a $45.00 price target on the stock. Finally, Citigroup lowered their price target on Ryan Specialty from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $48.12.

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.

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