Woodline Partners LP Invests $40.28 Million in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Woodline Partners LP has bought 545,254 shares of Ryan Specialty Holdings Inc., equating to a stake valued at approximately $40.3 million.
• Ryan Specialty's recent quarterly earnings reported an EPS of $0.66, aligning with analysts' expectations, and its revenue increased by 23% year-over-year.
• Analysts have mixed ratings on Ryan Specialty, with several firms adjusting target prices, leading to a consensus rating of "Moderate Buy" with an average target of $74.83.

Woodline Partners LP acquired a new position in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 545,254 shares of the company's stock, valued at approximately $40,278,000. Woodline Partners LP owned 0.21% of Ryan Specialty as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Ryan Specialty by 281.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock worth $25,000 after buying an additional 245 shares during the period. SVB Wealth LLC bought a new position in shares of Ryan Specialty in the first quarter worth about $26,000. WPG Advisers LLC bought a new stake in Ryan Specialty during the 1st quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new stake in Ryan Specialty during the 1st quarter valued at approximately $35,000. Finally, Fifth Third Bancorp raised its stake in Ryan Specialty by 202.5% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the company's stock valued at $36,000 after purchasing an additional 324 shares during the period. Institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RYAN shares. Cantor Fitzgerald raised Ryan Specialty to a "hold" rating in a research note on Wednesday, August 13th. UBS Group decreased their target price 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. Barclays decreased their target price on Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Citigroup started coverage on Ryan Specialty in a research note on Wednesday, August 13th. They set a "buy" rating and a $74.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ryan Specialty has an average rating of "Moderate Buy" and a consensus target price of $74.83.

Ryan Specialty Price Performance

NYSE RYAN traded down $0.06 during trading on Friday, hitting $51.63. 1,837,735 shares of the stock traded hands, compared to its average volume of 1,174,821. The company has a market capitalization of $13.61 billion, a P/E ratio of 147.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63. The firm has a 50-day simple moving average of $59.96 and a 200-day simple moving average of $66.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.88. Ryan Specialty Holdings Inc. has a 12-month low of $50.08 and a 12-month high of $77.16.

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

Ryan Specialty Dividend Announcement

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

About Ryan Specialty

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.