Dudley & Shanley Inc. Purchases 15,750 Shares of Ryan Specialty Holdings Inc. $RYAN

Dudley & Shanley Inc. boosted its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 477,671 shares of the company’s stock after purchasing an additional 15,750 shares during the quarter. Ryan Specialty comprises approximately 4.0% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 11th largest holding. Dudley & Shanley Inc. owned about 0.18% of Ryan Specialty worth $24,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RYAN. Diversified Trust Co. raised its holdings in Ryan Specialty by 28.7% during the fourth quarter. Diversified Trust Co. now owns 25,466 shares of the company’s stock worth $1,315,000 after buying an additional 5,683 shares during the last quarter. Westview Management dba Westview Investment Advisors acquired a new position in shares of Ryan Specialty during the fourth quarter valued at about $2,082,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Ryan Specialty by 11.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,439 shares of the company’s stock worth $764,000 after acquiring an additional 1,479 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Ryan Specialty by 38.9% during the fourth quarter. GAMMA Investing LLC now owns 1,585 shares of the company’s stock worth $82,000 after acquiring an additional 444 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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 worth $23,746,000 after acquiring an additional 252,582 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RYAN. Piper Sandler dropped their price target 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. Keefe, Bruyette & Woods lowered their price objective on Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Citigroup dropped their target price on Ryan Specialty from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday. Zacks Research cut Ryan Specialty from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group set a $61.00 price target on Ryan Specialty in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ryan Specialty currently has a consensus rating of “Hold” and an average target price of $54.50.

Ryan Specialty Trading Down 0.3%

Shares of RYAN stock opened at $34.58 on Tuesday. 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 company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 82.32, a PEG ratio of 0.91 and a beta of 0.66. Ryan Specialty Holdings Inc. has a 52-week low of $33.94 and a 52-week high of $77.16. The company has a 50-day simple moving average of $42.73 and a two-hundred day simple moving average of $50.24.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, February 12th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The business had revenue of $751.21 million during the quarter, compared to analysts’ expectations of $777.43 million. Ryan Specialty had a return on equity of 46.41% and a net margin of 7.02%.Ryan Specialty’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a $0.13 dividend. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Ryan Specialty’s payout ratio is presently 123.81%.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the firm’s 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 directly owned 428,295 shares in the company, valued at $17,114,668.20. This trade represents a 6.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 52.21% of the stock is owned by company insiders.

Ryan Specialty 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.