Motley Fool Asset Management LLC Buys 106,815 Shares of Ryan Specialty Holdings Inc. $RYAN

Key Points

• Motley Fool Asset Management initiated a position of 106,815 Ryan Specialty shares in the third quarter, valued at approximately $3.95 million. Institutional investors and hedge funds collectively own 84.82% of the company.
• Analyst sentiment is mixed, with eight Buy ratings, ten Holds and one Sell; the consensus rating is Hold and the average price target is $52.21.
• Ryan Specialty recently exceeded quarterly expectations, reporting $0.74 in earnings per share versus a $0.60 estimate and $916.65 million in revenue, up 7.2% year over year.

Motley Fool Asset Management LLC bought a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 106,815 shares of the company's stock, valued at approximately $3,952,000.

Other hedge funds have also modified their holdings of the company. Vulcan Value Partners LLC lifted its stake in shares of Ryan Specialty by 20.0% in the second quarter. Vulcan Value Partners LLC now owns 7,912,669 shares of the company's stock worth $298,782,000 after buying an additional 1,317,334 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ryan Specialty by 1,374.2% during the 1st quarter. Renaissance Technologies LLC now owns 536,600 shares of the company's stock valued at $18,105,000 after acquiring an additional 500,200 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in Ryan Specialty by 25.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 2,424,337 shares of the company's stock valued at $81,797,000 after acquiring an additional 495,243 shares in the last quarter. Bank of America Corp DE raised its holdings in Ryan Specialty by 34.8% in the 1st quarter. Bank of America Corp DE now owns 1,508,083 shares of the company's stock valued at $50,883,000 after acquiring an additional 389,505 shares during the last quarter. Finally, Clarkston Capital Partners LLC acquired a new stake in Ryan Specialty in the 1st quarter valued at about $10,187,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RYAN shares. JPMorgan Chase & Co. boosted their target price on Ryan Specialty from $39.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday, August 3rd. Atlantic Securities set a $69.00 price target on Ryan Specialty in a research report on Wednesday, July 15th. Mizuho cut their price target on Ryan Specialty from $43.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, October 7th. Wells Fargo & Company reduced their price objective on Ryan Specialty from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, October 12th. Finally, Morgan Stanley boosted their price objective on Ryan Specialty from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $52.21.

Ryan Specialty Price Performance

Ryan Specialty stock opened at $42.59 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.51. The company has a 50-day moving average price of $40.39 and a 200 day moving average price of $39.24. Ryan Specialty Holdings Inc. has a 12-month low of $29.28 and a 12-month high of $58.94. The stock has a market cap of $10.90 billion, a P/E ratio of 59.15, a PEG ratio of 0.90 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.14. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The company had revenue of $916.65 million for the quarter, compared to analyst estimates of $873.93 million. During the same period in the previous year, the business posted $0.66 EPS. Ryan Specialty's revenue was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Ryan Specialty Holdings Inc. will post 2.17 earnings per share for the current year.

Ryan Specialty Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.

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