United Services Automobile Association Buys Shares of 6,721 Ryan Specialty Holdings Inc. $RYAN

Key Points

• United Services Automobile Association has acquired a stake in Ryan Specialty Holdings Inc. worth approximately $490,000 by buying 6,721 shares.
• The company's stock has seen a price drop of 3.2%, giving it a market cap of $13.43 billion and a P/E ratio of 145.48.
• Ryan Specialty's recent earnings report matched analyst estimates, posting $0.66 earnings per share and a revenue increase of 23.0% year-over-year.

United Services Automobile Association purchased a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,721 shares of the company's stock, valued at approximately $490,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Ryan Specialty by 66.4% during the first quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock worth $225,404,000 after purchasing an additional 1,218,147 shares during the period. Millennium Management LLC boosted its holdings in shares of Ryan Specialty by 1,111.4% in the 4th quarter. Millennium Management LLC now owns 1,174,086 shares of the company's stock valued at $75,329,000 after buying an additional 1,077,169 shares during the period. Invesco Ltd. boosted its stake in Ryan Specialty by 121.6% during the 1st quarter. Invesco Ltd. now owns 1,590,862 shares of the company's stock valued at $117,517,000 after purchasing an additional 872,846 shares during the period. Artemis Investment Management LLP acquired a new position in Ryan Specialty during the 1st quarter valued at about $57,023,000. Finally, Wellington Management Group LLP bought a new stake in shares of Ryan Specialty during the 4th quarter worth about $29,599,000. Institutional investors and hedge funds own 84.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RYAN shares. Cantor Fitzgerald upgraded shares of Ryan Specialty to a "hold" rating in a report on Wednesday, August 13th. Barclays lowered their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Wall Street Zen raised shares of Ryan Specialty from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. UBS Group reduced their price objective on shares of Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Finally, Wells Fargo & Company cut their target price on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.00.

Ryan Specialty Price Performance

Shares of RYAN traded up $0.37 during trading hours on Tuesday, hitting $52.08. The stock had a trading volume of 451,819 shares, compared to its average volume of 1,105,048. Ryan Specialty Holdings Inc. has a 52 week low of $50.08 and a 52 week high of $77.16. The company's fifty day moving average is $59.66 and its two-hundred day moving average is $65.92. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 148.86, a P/E/G ratio of 1.44 and a beta of 0.64.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting analysts' consensus estimates of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company's revenue was up 23.0% on a year-over-year basis. On average, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 12th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Ryan Specialty's dividend payout ratio is presently 137.14%.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Chairman Patrick G. Ryan bought 276,634 shares of the business's stock in a transaction on Friday, September 12th. The shares were bought at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the transaction, the chairman owned 13,699,959 shares in the company, valued at approximately $710,205,874.56. This trade represents a 2.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 52.21% of the company's stock.

Ryan Specialty Profile

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.