Ryan Specialty Holdings Inc. $RYAN is Cooper Investors PTY Ltd.'s 6th Largest Position

Key Points

• Cooper Investors PTY Ltd. increased its stake in Ryan Specialty Holdings Inc. by 5.2%, now holding 377,482 shares valued at approximately $25.67 million.
• Insider trading activity includes Chairman Patrick G. Ryan buying 276,634 shares for over $14.34 million, raising his ownership by 2.06%.
• Recent analyst ratings show a mix of upgrades and target price adjustments, with an average target of $74.00 and a consensus rating of "Moderate Buy."

Cooper Investors PTY Ltd. grew its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 5.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,482 shares of the company's stock after buying an additional 18,557 shares during the period. Ryan Specialty accounts for about 4.7% of Cooper Investors PTY Ltd.'s holdings, making the stock its 6th biggest holding. Cooper Investors PTY Ltd. owned 0.14% of Ryan Specialty worth $25,665,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RYAN. GAMMA Investing LLC increased its position in Ryan Specialty by 21.8% during the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock worth $155,000 after purchasing an additional 376 shares during the last quarter. Hsbc Holdings PLC increased its position in Ryan Specialty by 14.4% during the first quarter. Hsbc Holdings PLC now owns 4,182 shares of the company's stock worth $309,000 after purchasing an additional 528 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Ryan Specialty by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,215 shares of the company's stock worth $902,000 after purchasing an additional 460 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ryan Specialty during the first quarter worth about $467,000. Finally, Wealth Alliance LLC acquired a new stake in Ryan Specialty during the first quarter worth about $303,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryan Specialty

In other news, Chairman Patrick G. Ryan purchased 276,634 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average price of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the purchase, the chairman directly owned 13,699,959 shares of the company's stock, valued at $710,205,874.56. The trade was a 2.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 52.21% of the stock is owned by corporate insiders.

Ryan Specialty Stock Up 0.7%

Shares of RYAN stock traded up $0.37 during trading on Tuesday, reaching $54.28. The company's stock had a trading volume of 420,088 shares, compared to its average volume of 1,150,663. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 154.96, a P/E/G ratio of 1.48 and a beta of 0.64. The stock's 50-day moving average price is $58.48 and its 200 day moving average price is $65.34. Ryan Specialty Holdings Inc. has a 1-year low of $50.08 and a 1-year high of $77.16.

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

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a $0.12 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Ryan Specialty's payout ratio is currently 137.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RYAN shares. Wells Fargo & Company upgraded shares of Ryan Specialty from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a research report on Wednesday, September 17th. Barclays cut their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Cantor Fitzgerald upgraded shares of Ryan Specialty to a "hold" rating in a research report on Wednesday, August 13th. Morgan Stanley dropped their price target on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, Wolfe Research upgraded shares of Ryan Specialty to a "strong-buy" rating in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.00.

Ryan Specialty Company Profile

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.