Equitable Trust Co. Takes Position in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Equitable Trust Co. bought a new stake of 79,563 shares of Ryan Specialty (NYSE:RYAN) in Q4, valued at about $4.11 million.
• Several large institutions — including Goldman Sachs, UBS and RBC — increased positions, leaving institutional ownership at 84.82% of the company's stock.
• Director Patrick G. Ryan, Jr. purchased 25,500 shares at $39.96, raising his holdings to 428,295 shares; corporate insiders now own 52.03% of the stock.

Equitable Trust Co. bought a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 79,563 shares of the company's stock, valued at approximately $4,108,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RYAN. Royal Bank of Canada lifted its holdings in shares of Ryan Specialty by 10.6% during the 1st quarter. Royal Bank of Canada now owns 59,639 shares of the company's stock valued at $4,406,000 after acquiring an additional 5,739 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ryan Specialty by 25.1% during the 1st quarter. AQR Capital Management LLC now owns 4,972 shares of the company's stock valued at $367,000 after acquiring an additional 998 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ryan Specialty by 46.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company's stock valued at $27,787,000 after acquiring an additional 119,055 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Ryan Specialty by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company's stock valued at $24,586,000 after acquiring an additional 33,667 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Ryan Specialty by 15.4% during the 2nd quarter. Creative Planning now owns 4,586 shares of the company's stock valued at $312,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on RYAN shares. Bank of America reduced their target price on shares of Ryan Specialty from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets lowered shares of Ryan Specialty from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $66.00 to $43.00 in a report on Wednesday, February 25th. Keefe, Bruyette & Woods reduced their target price on shares of Ryan Specialty from $49.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group restated a "buy" rating and set a $42.00 target price on shares of Ryan Specialty in a report on Friday. Finally, Wells Fargo & Company lowered shares of Ryan Specialty from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $42.00 to $31.00 in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Ryan Specialty presently has a consensus rating of "Hold" and a consensus target price of $48.12.

Insider Buying and Selling

In other news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the business's stock in a transaction on Monday, February 23rd. The shares were purchased at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the acquisition, the director directly owned 428,295 shares of the company's stock, valued at $17,114,668.20. This represents a 6.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 52.03% of the stock is owned by corporate insiders.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $30.57 on Wednesday. Ryan Specialty Holdings Inc. has a 12 month low of $29.37 and a 12 month high of $72.50. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $8.08 billion, a P/E ratio of 39.70, a P/E/G ratio of 0.68 and a beta of 0.68. The company's fifty day moving average price is $35.86 and its two-hundred day moving average price is $46.16.

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

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.7%. Ryan Specialty's payout ratio is currently 67.53%.

Ryan Specialty 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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