SG Americas Securities LLC Makes New Investment in Ryan Specialty Holdings Inc. $RYAN

Key Points

• SG Americas Securities LLC acquired 402,402 shares of Ryan Specialty (~$20.8M), bringing institutional ownership to about 84.82% of the company.
• Director Patrick G. Ryan Jr. purchased 25,500 shares, increasing his stake to 428,295 shares; corporate insiders now own 52.21% of the stock.
• Analysts have cut price targets and the consensus rating is "Hold" with an average target of $54.50; the company recently missed quarterly revenue/EPS estimates, the stock is down and trading near its 12‑month low (~$31.76), and the quarterly dividend was raised to $0.13.

SG Americas Securities LLC acquired a new stake in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 402,402 shares of the company's stock, valued at approximately $20,776,000. SG Americas Securities LLC owned 0.15% of Ryan Specialty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dudley & Shanley Inc. grew its stake in shares of Ryan Specialty by 3.4% in the fourth quarter. Dudley & Shanley Inc. now owns 477,671 shares of the company's stock worth $24,662,000 after acquiring an additional 15,750 shares in the last quarter. Diversified Trust Co. increased its position in shares of Ryan Specialty by 28.7% during the fourth quarter. Diversified Trust Co. now owns 25,466 shares of the company's stock worth $1,315,000 after acquiring an additional 5,683 shares during the period. Westview Management dba Westview Investment Advisors acquired a new stake in shares of Ryan Specialty in the fourth quarter valued at $2,082,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Ryan Specialty by 11.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,439 shares of the company's stock valued at $764,000 after purchasing an additional 1,479 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Ryan Specialty by 38.9% in the fourth quarter. GAMMA Investing LLC now owns 1,585 shares of the company's stock valued at $82,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 84.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RYAN. Piper Sandler reduced their price target on Ryan Specialty from $58.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, February 13th. Morgan Stanley lowered their price objective on Ryan Specialty from $61.00 to $55.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. Royal Bank Of Canada assumed coverage on shares of Ryan Specialty in a report on Tuesday, March 17th. They issued an "outperform" rating and a $45.00 target price on the stock. Citigroup decreased their price target on shares of Ryan Specialty from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 23rd. Finally, Jefferies Financial Group began coverage on shares of Ryan Specialty in a report on Monday, December 1st. They set a "hold" rating and a $64.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ryan Specialty has a consensus rating of "Hold" and an average target price of $54.50.

Insiders Place Their Bets

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. purchased 25,500 shares of Ryan Specialty stock in a transaction that occurred on Monday, February 23rd. The stock was purchased 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 in the company, valued at $17,114,668.20. This trade represents a 6.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 52.21% of the company's stock.

Ryan Specialty Stock Down 3.9%

RYAN stock opened at $31.76 on Friday. The stock has a market cap of $8.39 billion, a P/E ratio of 75.61, a PEG ratio of 0.86 and a beta of 0.65. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. Ryan Specialty Holdings Inc. has a twelve month low of $31.73 and a twelve month high of $77.16. The company's 50 day moving average is $41.31 and its two-hundred day moving average is $49.70.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company had revenue of $751.21 million for the quarter, compared to analyst estimates of $777.43 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. Ryan Specialty's revenue was up 13.2% compared to the same quarter last year. Research analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.6%. This is a positive change from Ryan Specialty's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, February 24th. Ryan Specialty's dividend payout ratio is presently 123.81%.

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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