United Services Automobile Association Purchases New Stake in 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 bought a new position in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,721 shares of the company's stock, valued at approximately $490,000.

A number of other institutional investors have also recently added to or reduced their stakes in RYAN. BNP Paribas Financial Markets acquired a new position in shares of Ryan Specialty in the 4th quarter valued at about $3,988,000. Bank of America Corp DE raised its holdings in Ryan Specialty by 37.5% in the fourth quarter. Bank of America Corp DE now owns 729,606 shares of the company's stock valued at $46,812,000 after buying an additional 199,131 shares during the period. Captrust Financial Advisors lifted its position in Ryan Specialty by 60.3% during the fourth quarter. Captrust Financial Advisors now owns 15,078 shares of the company's stock valued at $967,000 after buying an additional 5,673 shares in the last quarter. Deutsche Bank AG grew its stake in Ryan Specialty by 5.8% during the fourth quarter. Deutsche Bank AG now owns 10,814 shares of the company's stock worth $694,000 after buying an additional 595 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in shares of Ryan Specialty by 160.6% in the fourth quarter. Ensign Peak Advisors Inc now owns 105,490 shares of the company's stock worth $6,768,000 after acquiring an additional 65,014 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Ryan Specialty Stock Down 0.1%

RYAN traded down $0.06 on Friday, reaching $51.63. The company's stock had a trading volume of 1,837,735 shares, compared to its average volume of 1,174,821. Ryan Specialty Holdings Inc. has a 1 year low of $50.08 and a 1 year high of $77.16. The business's 50 day moving average is $59.96 and its 200 day moving average is $66.07. 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 cap of $13.61 billion, a price-to-earnings ratio of 147.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.66. The company had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.Ryan Specialty's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. As a group, research analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

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

Analyst Upgrades and Downgrades

RYAN has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. UBS Group reduced their price objective on Ryan Specialty from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price on Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Cantor Fitzgerald upgraded Ryan Specialty to a "hold" rating in a report on Wednesday, August 13th. Finally, Citigroup initiated coverage on Ryan Specialty in a research report on Wednesday, August 13th. They set a "buy" rating and a $74.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.83.

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.