Ryan Specialty Holdings Inc. (NYSE:RYAN) Holdings Lowered by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management Ltd. reduced its holdings in Ryan Specialty Holdings Inc. by 12.4%, now owning 511,154 shares valued at approximately $37.76 million.
• Several hedge funds, such as Whittier Trust Co. and Fifth Third Bancorp, significantly increased their stakes in Ryan Specialty during the first quarter, reflecting institutional interest in the company.
• Analysts have mixed opinions on Ryan Specialty's stock, with a consensus rating of "Moderate Buy" and an average target price of $76.00, as some firms lowered their price objectives in recent reports.

Mawer Investment Management Ltd. trimmed its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 511,154 shares of the company's stock after selling 72,346 shares during the quarter. Mawer Investment Management Ltd. owned about 0.20% of Ryan Specialty worth $37,759,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its position in shares of Ryan Specialty by 19.2% in the 4th quarter. LPL Financial LLC now owns 32,864 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,297 shares during the last quarter. 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 buying an additional 529,631 shares in the last quarter. Norges Bank purchased a new position in Ryan Specialty in the 4th quarter valued at $78,358,000. New Age Alpha Advisors LLC purchased a new position in Ryan Specialty in the 4th quarter valued at $1,407,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Ryan Specialty by 21.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,302 shares of the company's stock valued at $982,000 after purchasing an additional 2,684 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryan Specialty

In other 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 transaction, the executive vice president directly owned 1,117 shares in the company, valued at $73,543.28. This trade represents a 92.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the sale, the director owned 71,467 shares in the company, valued at approximately $5,059,863.60. The trade was 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 Price Performance

Shares of RYAN stock traded down $2.84 during mid-day trading on Friday, reaching $58.35. The stock had a trading volume of 3,576,717 shares, compared to its average volume of 1,042,291. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.45. The company has a market cap of $15.31 billion, a P/E ratio of 171.75, a price-to-earnings-growth ratio of 1.63 and a beta of 0.66. Ryan Specialty Holdings Inc. has a 12-month low of $55.77 and a 12-month high of $77.16. The business has a 50-day simple moving average of $66.68 and a 200 day simple moving average of $68.25.

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. Ryan Specialty had a return on equity of 47.70% and a net margin of 6.97%. The business had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. During the same quarter last year, the company earned $0.58 earnings per share. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Analyst Ratings Changes

RYAN has been the topic of several analyst reports. Morgan Stanley reduced their price target on Ryan Specialty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. Barclays lowered their price target on Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Keefe, Bruyette & Woods dropped their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. TD Cowen assumed coverage on Ryan Specialty in a report on Thursday, April 10th. They issued a "buy" rating and a $89.00 price objective for the company. Finally, The Goldman Sachs Group upgraded 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.73.

About Ryan Specialty

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.