Cooper Investors PTY Ltd. Acquires 18,557 Shares of Ryan Specialty Holdings Inc. $RYAN

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. increased its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,482 shares of the company's stock after buying an additional 18,557 shares during the period. Ryan Specialty comprises approximately 4.7% of Cooper Investors PTY Ltd.'s holdings, making the stock its 6th largest holding. Cooper Investors PTY Ltd. owned about 0.14% of Ryan Specialty worth $25,665,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its stake in Ryan Specialty by 2.9% in the first quarter. Crossmark Global Holdings Inc. now owns 7,351 shares of the company's stock valued at $543,000 after purchasing an additional 207 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Ryan Specialty by 281.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock valued at $25,000 after purchasing an additional 245 shares during the last quarter. UMB Bank n.a. grew its stake in Ryan Specialty by 5.0% in the first quarter. UMB Bank n.a. now owns 5,797 shares of the company's stock valued at $428,000 after purchasing an additional 275 shares during the last quarter. State of Michigan Retirement System grew its stake in Ryan Specialty by 1.2% in the first quarter. State of Michigan Retirement System now owns 25,500 shares of the company's stock valued at $1,884,000 after purchasing an additional 300 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in Ryan Specialty by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock valued at $2,201,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RYAN. Morgan Stanley lowered their price target on Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Barclays decreased their target price on Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Wolfe Research raised Ryan Specialty to a "strong-buy" rating in a report on Tuesday, September 16th. Wall Street Zen raised Ryan Specialty from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Cantor Fitzgerald raised Ryan Specialty to a "hold" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.00.

Ryan Specialty Price Performance

Shares of RYAN traded up $0.65 during trading hours on Monday, hitting $53.93. 1,420,766 shares of the stock were exchanged, compared to its average volume of 1,155,016. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings Inc. has a 12-month low of $50.08 and a 12-month high of $77.16. The company has a market cap of $14.22 billion, a price-to-earnings ratio of 154.09, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64. The stock's 50-day moving average price is $58.70 and its two-hundred day moving average price is $65.45.

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

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend 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 137.14%.

Insiders Place Their Bets

In related news, Chairman Patrick G. Ryan acquired 276,634 shares of the stock in a transaction on Friday, September 12th. The shares were bought at an average price of $51.84 per share, with a total value of $14,340,706.56. Following the completion of the purchase, the chairman owned 13,699,959 shares of the company's stock, valued at approximately $710,205,874.56. This represents a 2.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 52.21% of the company's stock.

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.