HB Wealth Management LLC Takes Position in Ryan Specialty Holdings Inc. (NYSE:RYAN)

Key Points

• HB Wealth Management LLC made a significant investment of approximately $4.15 million in Ryan Specialty Holdings Inc., acquiring 56,167 shares of the company during the first quarter.
• Institutional ownership of Ryan Specialty is substantial, with 84.82% of its stock held by institutional investors and hedge funds, highlighting strong confidence in the company.
• Ryan Specialty's recent earnings report showed a net margin of 6.97% and a year-over-year revenue growth of 25.0%, suggesting overall positive financial performance.

HB Wealth Management LLC purchased a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,167 shares of the company's stock, valued at approximately $4,149,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Ryan Specialty by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company's stock valued at $633,933,000 after acquiring an additional 529,631 shares during the period. Bessemer Group Inc. lifted its position in shares of Ryan Specialty by 2.5% during the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company's stock valued at $210,651,000 after acquiring an additional 79,976 shares during the period. Principal Financial Group Inc. lifted its position in shares of Ryan Specialty by 66.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock valued at $225,404,000 after acquiring an additional 1,218,147 shares during the period. Geode Capital Management LLC lifted its position in shares of Ryan Specialty by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company's stock valued at $115,468,000 after acquiring an additional 46,960 shares during the period. Finally, Barclays PLC lifted its position in shares of Ryan Specialty by 3.0% during the 4th quarter. Barclays PLC now owns 1,690,279 shares of the company's stock valued at $108,449,000 after acquiring an additional 48,536 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Trading Up 2.0%

Shares of RYAN stock traded up $1.21 on Thursday, hitting $61.37. The company had a trading volume of 661,216 shares, compared to its average volume of 1,019,636. The firm has a market cap of $16.10 billion, a P/E ratio of 180.16, a P/E/G ratio of 1.62 and a beta of 0.66. The stock's 50-day moving average is $66.83 and its two-hundred day moving average is $68.28. The company has a debt-to-equity ratio of 3.45, a quick ratio of 1.05 and a current ratio of 1.05. Ryan Specialty Holdings Inc. has a twelve month low of $59.29 and a twelve month high of $77.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ryan Specialty had a return on equity of 47.70% and a net margin of 6.97%. The business had revenue of $690.17 million during the quarter, compared to analysts' expectations of $680.80 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm's revenue was up 25.0% on a year-over-year basis. On average, equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.78%. Ryan Specialty's dividend payout ratio (DPR) is presently 141.18%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen cut Ryan Specialty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. The Goldman Sachs Group raised Ryan Specialty from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $74.00 to $81.00 in a report on Tuesday, May 13th. Morgan Stanley lowered their price target on Ryan Specialty from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, July 14th. TD Cowen assumed coverage on Ryan Specialty in a report on Thursday, April 10th. They set a "buy" rating and a $89.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Ryan Specialty from $65.00 to $63.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.00.

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.