Invesco Ltd. Grows Position in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Invesco Ltd. increased its stake in Ryan Specialty Holdings Inc. by 121.6% this quarter, owning a total of 1.59 million shares valued at approximately $117.5 million.
• Several institutional investors also raised their positions in Ryan Specialty, with hedge funds and other entities owning 84.82% of the company's stock.
• Ryan Specialty announced a quarterly dividend of $0.12 per share, which reflects an annualized yield of 0.8% and a payout ratio of 137.14%.

Invesco Ltd. lifted its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 121.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,590,862 shares of the company's stock after purchasing an additional 872,846 shares during the quarter. Invesco Ltd. owned about 0.61% of Ryan Specialty worth $117,517,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Mariner LLC raised its stake in shares of Ryan Specialty by 3.4% during the fourth quarter. Mariner LLC now owns 5,278 shares of the company's stock worth $339,000 after purchasing an additional 172 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Ryan Specialty by 2.9% during the first quarter. Crossmark Global Holdings Inc. now owns 7,351 shares of the company's stock worth $543,000 after purchasing an additional 207 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position 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 worth $25,000 after acquiring an additional 245 shares in the last quarter. UMB Bank n.a. raised its position in Ryan Specialty by 5.0% in the first quarter. UMB Bank n.a. now owns 5,797 shares of the company's stock worth $428,000 after acquiring an additional 275 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Ryan Specialty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,990 shares of the company's stock worth $2,887,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company cut their price objective on Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Cantor Fitzgerald upgraded Ryan Specialty to a "hold" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Ryan Specialty from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Citigroup initiated coverage on Ryan Specialty in a research report on Wednesday, August 13th. They issued a "buy" rating and a $74.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.83.

Ryan Specialty Price Performance

Shares of RYAN stock traded down $0.03 during mid-day trading on Monday, reaching $59.09. The stock had a trading volume of 339,328 shares, compared to its average volume of 1,071,741. Ryan Specialty Holdings Inc. has a 12-month low of $55.77 and a 12-month high of $77.16. The company has a market cap of $15.58 billion, a P/E ratio of 168.88, a price-to-earnings-growth ratio of 1.64 and a beta of 0.64. The business has a 50-day simple moving average of $64.25 and a 200 day simple moving average of $67.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88.

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

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. Ryan Specialty's dividend payout ratio (DPR) is presently 137.14%.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the sale, the executive vice president directly owned 1,117 shares of the company's stock, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David P. Bolger sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the transaction, the director owned 71,467 shares in the company, valued at approximately $5,059,863.60. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by company insiders.

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.