Chilton Investment Co. Inc. Invests $1.89 Million in Ryan Specialty Holdings Inc. $RYAN

Chilton Investment Co. Inc. purchased a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 33,500 shares of the company’s stock, valued at approximately $1,888,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Ryan Specialty by 149.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,330 shares of the company’s stock valued at $23,746,000 after purchasing an additional 252,582 shares in the last quarter. Geneva Capital Management LLC raised its holdings in shares of Ryan Specialty by 11.2% during the 3rd quarter. Geneva Capital Management LLC now owns 535,742 shares of the company’s stock worth $30,194,000 after buying an additional 53,810 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Ryan Specialty by 19.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,139,836 shares of the company’s stock worth $64,241,000 after buying an additional 184,390 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Ryan Specialty by 2,181.8% during the 3rd quarter. TD Asset Management Inc now owns 205,133 shares of the company’s stock worth $11,561,000 after buying an additional 196,143 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in shares of Ryan Specialty by 76.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock worth $172,800,000 after buying an additional 1,332,773 shares during the last quarter. 84.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. acquired 25,500 shares of the stock in a transaction dated Monday, February 23rd. The stock was purchased at an average cost of $39.96 per share, with a total value of $1,018,980.00. Following the transaction, the director owned 428,295 shares in the company, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 52.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RYAN. JPMorgan Chase & Co. decreased their target price on Ryan Specialty from $63.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of Ryan Specialty in a report on Wednesday, November 26th. Zacks Research downgraded shares of Ryan Specialty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. BMO Capital Markets lowered shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $66.00 to $43.00 in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Ryan Specialty in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.40.

Ryan Specialty Stock Down 0.0%

Ryan Specialty stock opened at $36.16 on Monday. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 86.11, a PEG ratio of 0.94 and a beta of 0.66. Ryan Specialty Holdings Inc. has a 52-week low of $35.84 and a 52-week high of $77.16. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $44.67 and a two-hundred day moving average price of $51.11.

Ryan Specialty (NYSE:RYAN) last posted 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). Ryan Specialty had a net margin of 7.02% and a return on equity of 46.41%. The firm had revenue of $751.21 million during the quarter, compared to the consensus estimate of $777.43 million. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, February 24th. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. Ryan Specialty’s dividend payout ratio (DPR) is 123.81%.

About Ryan Specialty

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.