Montrusco Bolton Investments Inc. Purchases 368,247 Shares of Ryan Specialty Holdings Inc. $RYAN

Key Points

• Montrusco Bolton boosted its stake in Ryan Specialty by 9.3% in Q4, buying 368,247 shares to hold 4,343,116 shares (about 1.65% of the company) valued at roughly $218.0 million, making RYAN its 12th-largest position.
• Director Patrick G. Ryan, Jr. bought 25,500 shares at an average $39.96 ($1.02M), increasing his holding to 428,295 shares (a 6.33% rise).
• Ryan Specialty recently missed EPS and revenue estimates ($0.45 vs. $0.50 expected), trades at a high P/E (82.66), and faces mixed analyst moves with a MarketBeat consensus rating of "Hold" and a $51.35 price target.

Montrusco Bolton Investments Inc. increased its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,343,116 shares of the company's stock after buying an additional 368,247 shares during the period. Ryan Specialty accounts for approximately 2.7% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 12th biggest position. Montrusco Bolton Investments Inc. owned about 1.65% of Ryan Specialty worth $218,010,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. raised its stake in Ryan Specialty by 0.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 21,119 shares of the company's stock valued at $1,190,000 after purchasing an additional 185 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Ryan Specialty by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 32,797 shares of the company's stock worth $1,848,000 after buying an additional 203 shares in the last quarter. Securian Asset Management Inc. grew its position in Ryan Specialty by 2.9% during the third quarter. Securian Asset Management Inc. now owns 8,438 shares of the company's stock worth $476,000 after buying an additional 241 shares in the last quarter. Fifth Third Bancorp grew its position in Ryan Specialty by 65.4% during the third quarter. Fifth Third Bancorp now owns 612 shares of the company's stock worth $34,000 after buying an additional 242 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its position in Ryan Specialty by 1.3% during the second quarter. Snowden Capital Advisors LLC now owns 21,135 shares of the company's stock worth $1,437,000 after buying an additional 264 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the transaction, the director directly owned 428,295 shares of the company's stock, valued at $17,114,668.20. This trade represents a 6.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 52.03% of the stock is owned by company insiders.

Ryan Specialty Trading Down 1.9%

Shares of Ryan Specialty stock opened at $34.72 on Friday. The stock has a market capitalization of $9.17 billion, a P/E ratio of 82.66, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The company has a 50-day simple moving average of $36.49 and a 200 day simple moving average of $47.07. Ryan Specialty Holdings Inc. has a 12-month low of $31.50 and a 12-month high of $72.50.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.05). The firm had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Research analysts expect that Ryan Specialty Holdings Inc. will post 2.24 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a dividend of $0.13 per share. This is an increase from Ryan Specialty's previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 24th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Ryan Specialty's dividend payout ratio is 123.81%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RYAN shares. JPMorgan Chase & Co. decreased their target price on Ryan Specialty from $49.00 to $43.00 and set an "underweight" rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada started coverage on Ryan Specialty in a research report on Tuesday, March 17th. They set an "outperform" rating and a $45.00 target price on the stock. Barclays decreased their target price on Ryan Specialty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Wells Fargo & Company decreased their target price on Ryan Specialty from $56.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ryan Specialty from $55.00 to $49.00 and set an "outperform" rating for the company in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $51.35.

Ryan Specialty Company Profile

Ryan Specialty Group, Inc NYSE: RYAN is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients' unique needs.

Ryan Specialty's core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.

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