Intech Investment Management LLC Has $1.82 Million Stock Position in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Intech Investment Management LLC reduced its stake in Ryan Specialty Holdings Inc. by 18.4%, selling 5,560 shares, leaving them with 24,642 shares valued at approximately $1.82 million.
• Multiple institutional investors have modified their holdings, with Whittier Trust Co. of Nevada Inc. increasing its position by 281.6% during the same quarter.
• Ryan Specialty's recent earnings report showed revenue growth of 23.0% year-over-year, with an EPS of $0.66, meeting analysts' expectations.

Intech Investment Management LLC decreased its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,642 shares of the company's stock after selling 5,560 shares during the period. Intech Investment Management LLC's holdings in Ryan Specialty were worth $1,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Ryan Specialty by 66.4% in the first quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock valued at $225,404,000 after purchasing an additional 1,218,147 shares during the last quarter. Invesco Ltd. boosted its holdings in Ryan Specialty by 121.6% in the first quarter. Invesco Ltd. now owns 1,590,862 shares of the company's stock valued at $117,517,000 after purchasing an additional 872,846 shares during the last quarter. Artemis Investment Management LLP purchased a new position in Ryan Specialty in the first quarter valued at about $57,023,000. Woodline Partners LP purchased a new position in Ryan Specialty in the first quarter valued at about $40,278,000. Finally, Wellington Management Group LLP bought a new position in Ryan Specialty during the 4th quarter worth approximately $29,599,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RYAN shares. Barclays reduced their target price on Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Wall Street Zen raised Ryan Specialty from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Wolfe Research upgraded Ryan Specialty to a "strong-buy" rating in a research report on Tuesday. Morgan Stanley dropped their price target on Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Finally, Wells Fargo & Company upgraded Ryan Specialty from an "equal weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $74.00.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock traded up $0.33 during trading on Friday, reaching $53.45. The company's stock had a trading volume of 5,257,758 shares, compared to its average volume of 1,478,591. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. The business's fifty day moving average price is $58.70 and its 200-day moving average price is $65.51. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 152.72, a price-to-earnings-growth ratio of 1.48 and a beta of 0.63. Ryan Specialty Holdings Inc. has a one year low of $50.08 and a one year high of $77.16.

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

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Ryan Specialty's payout ratio is presently 137.14%.

Insider Activity at Ryan Specialty

In other news, Chairman Patrick G. Ryan purchased 276,634 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was bought at an average price of $51.84 per share, with a total value of $14,340,706.56. Following the acquisition, the chairman directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 52.21% of the company's stock.

Ryan Specialty 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.