Ryan Specialty Holdings Inc. $RYAN Shares Newly Acquired by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC initiated a position in Ryan Specialty during the third quarter, buying 28,106 shares valued at approximately $1.04 million.
• Ryan Specialty reported quarterly EPS of $0.51, beating analyst estimates of $0.49, while revenue of $789.96 million came in slightly below expectations.
• Analysts’ consensus rating was Hold, with an average price target of $52.15; the company also announced a quarterly dividend of $0.13 per share.

Integrity Alliance LLC. purchased a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,106 shares of the company's stock, valued at approximately $1,040,000.

A number of other hedge funds have also modified their holdings of RYAN. Vulcan Value Partners LLC raised its position in Ryan Specialty by 20.0% during the 2nd 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 during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ryan Specialty by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,411,837 shares of the company's stock valued at $148,856,000 after acquiring an additional 37,339 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ryan Specialty by 34.8% in the first quarter. Bank of America Corp DE now owns 1,508,083 shares of the company's stock worth $50,883,000 after acquiring an additional 389,505 shares during the period. Fenimore Asset Management Inc increased its stake in shares of Ryan Specialty by 1.8% in the third quarter. Fenimore Asset Management Inc now owns 1,330,600 shares of the company's stock worth $49,232,000 after acquiring an additional 23,994 shares during the period. Finally, Guardian Point Capital LP increased its stake in shares of Ryan Specialty by 15.0% in the first quarter. Guardian Point Capital LP now owns 575,000 shares of the company's stock worth $19,400,000 after acquiring an additional 75,000 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Ryan Specialty Price Performance

NYSE:RYAN opened at $48.20 on Friday. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $58.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $12.33 billion, a PE ratio of 59.50, a price-to-earnings-growth ratio of 1.00 and a beta of 0.54. The stock's 50-day moving average price is $40.66 and its 200-day moving average price is $39.09.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.02. Ryan Specialty had a return on equity of 47.77% and a net margin of 8.25%. The company had revenue of $789.96 million during the quarter, compared to analysts' expectations of $792.99 million. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities analysts expect that Ryan Specialty Holdings Inc. will post 2.18 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, November 10th. Ryan Specialty's dividend payout ratio (DPR) is presently 64.20%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays increased their price target on Ryan Specialty from $46.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Citigroup boosted their price objective on Ryan Specialty from $50.00 to $53.50 and gave the company a "buy" rating in a report on Monday, August 3rd. Mizuho lowered their target price on Ryan Specialty from $43.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. Piper Sandler dropped their target price on Ryan Specialty from $48.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods raised their target price on Ryan Specialty from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.15.

Ryan Specialty Company 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.

Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.