AustralianSuper Pty Ltd Acquires Shares of 226,397 Ryan Specialty Holdings Inc. $RYAN

AustralianSuper Pty Ltd purchased a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 226,397 shares of the company’s stock, valued at approximately $12,760,000. AustralianSuper Pty Ltd owned about 0.09% of Ryan Specialty as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada raised its position in Ryan Specialty by 10.6% in the 1st quarter. Royal Bank of Canada now owns 59,639 shares of the company’s stock valued at $4,406,000 after purchasing an additional 5,739 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ryan Specialty by 25.1% during the 1st quarter. AQR Capital Management LLC now owns 4,972 shares of the company’s stock worth $367,000 after acquiring an additional 998 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Ryan Specialty by 46.3% during the first quarter. Goldman Sachs Group Inc. now owns 376,154 shares of the company’s stock worth $27,787,000 after buying an additional 119,055 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Ryan Specialty by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock worth $24,586,000 after buying an additional 33,667 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in shares of Ryan Specialty in the second quarter valued at approximately $466,000. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RYAN has been the subject of a number of research reports. Zacks Research cut Ryan Specialty from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. BMO Capital Markets lowered Ryan Specialty from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $66.00 to $43.00 in a research report on Wednesday, February 25th. Mizuho reduced their price target on Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Piper Sandler cut their price objective on shares of Ryan Specialty from $58.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Finally, Cantor Fitzgerald decreased their target price on shares of Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.87.

Insider Activity

In other news, CEO Timothy William Turner sold 129,570 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the transaction, the chief executive officer owned 12,553 shares in the company, valued at approximately $672,966.33. This trade represents a 91.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $1,018,980.00. Following the completion of the acquisition, the director owned 428,295 shares in the company, valued at approximately $17,114,668.20. This represents a 6.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 52.21% of the stock is owned by corporate insiders.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $39.84 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $10.53 billion, a P/E ratio of 94.86, a P/E/G ratio of 1.05 and a beta of 0.65. Ryan Specialty Holdings Inc. has a 12 month low of $37.29 and a 12 month high of $77.16. The stock has a 50 day moving average of $46.91 and a 200-day moving average of $52.29.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The company had revenue of $751.21 million for the quarter, compared to the consensus estimate of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. As a group, equities research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be paid a $0.13 dividend. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, February 24th. This represents a $0.52 dividend on an annualized basis and a yield of 1.3%. Ryan Specialty’s dividend payout ratio (DPR) is currently 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.