Liontrust Investment Partners LLP Takes $758,000 Position in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Liontrust Investment Partners LLP acquired a new position in Ryan Specialty Holdings Inc. during the first quarter, purchasing 10,261 shares valued at approximately $758,000.
• Institutional ownership of Ryan Specialty stands at 84.82%, with notable increases in holdings from other major hedge funds like Vanguard and Principal Financial Group.
• Ryan Specialty's recent earnings report revealed a 23% year-over-year revenue increase, with an EPS of $0.66, meeting analysts' expectations.

Liontrust Investment Partners LLP bought a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,261 shares of the company's stock, valued at approximately $758,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. raised its holdings in Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock worth $25,000 after purchasing an additional 245 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Ryan Specialty during the first quarter worth approximately $35,000. Kapitalo Investimentos Ltda acquired a new stake in Ryan Specialty during the fourth quarter worth approximately $36,000. Fifth Third Bancorp raised its stake in Ryan Specialty by 202.5% during the first quarter. Fifth Third Bancorp now owns 484 shares of the company's stock worth $36,000 after purchasing an additional 324 shares during the period. Finally, Covestor Ltd raised its stake in Ryan Specialty by 404.7% during the first quarter. Covestor Ltd now owns 858 shares of the company's stock worth $63,000 after purchasing an additional 688 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Stock Up 0.2%

Ryan Specialty stock traded up $0.1470 during trading hours on Tuesday, hitting $59.1670. The company had a trading volume of 1,330,504 shares, compared to its average volume of 1,079,761. The firm has a market capitalization of $15.60 billion, a P/E ratio of 169.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.64. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The firm's fifty day moving average is $64.10 and its 200-day moving average is $67.70. Ryan Specialty Holdings Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $77.16.

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

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Ryan Specialty's dividend payout ratio is 137.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RYAN shares. Wall Street Zen raised shares of Ryan Specialty from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. UBS Group decreased their price target on shares of Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday, August 4th. Citigroup initiated coverage on Ryan Specialty in a report on Wednesday, August 13th. They set a "buy" rating and a $74.00 price target on the stock. The Goldman Sachs Group raised shares of Ryan Specialty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $74.00 to $81.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company cut their price target on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ryan Specialty has an average rating of "Moderate Buy" and an average target price of $74.83.

Insider Buying and Selling at Ryan Specialty

In related news, Director David P. Bolger sold 5,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total transaction of $354,000.00. Following the completion of the sale, the director directly owned 71,467 shares of the company's stock, valued at approximately $5,059,863.60. This represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Stephen Katz sold 14,377 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction 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 represents a 92.79% 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 corporate 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.