Cooper Investors PTY Ltd. Reduces Holdings in Ryan Specialty Holdings Inc. $RYAN

Cooper Investors PTY Ltd. lessened its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 459,018 shares of the company’s stock after selling 46,356 shares during the period. Ryan Specialty accounts for approximately 7.9% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 2nd largest holding. Cooper Investors PTY Ltd. owned about 0.17% of Ryan Specialty worth $23,699,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MAI Capital Management lifted its position in shares of Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after buying an additional 188 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Ryan Specialty in the 3rd quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Ryan Specialty by 83.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock worth $35,000 after acquiring an additional 273 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Ryan Specialty by 65.4% during the 3rd quarter. Fifth Third Bancorp now owns 612 shares of the company’s stock worth $34,000 after acquiring an additional 242 shares in the last quarter. Finally, Quarry LP purchased a new stake in Ryan Specialty during the third quarter valued at approximately $37,000. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RYAN. Royal Bank Of Canada assumed coverage on shares of Ryan Specialty in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $45.00 target price for the company. Mizuho decreased their price objective on Ryan Specialty from $53.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Zacks Research cut Ryan Specialty from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Morgan Stanley dropped their target price on Ryan Specialty from $61.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Cantor Fitzgerald reduced their target price on Ryan Specialty from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.50.

Insiders Place Their Bets

In other Ryan Specialty news, Director Patrick G. Ryan, Jr. purchased 25,500 shares of Ryan Specialty stock in a transaction on Monday, February 23rd. The stock was bought 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 of the company’s stock, valued at $17,114,668.20. This represents a 6.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 52.03% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $31.76 on Monday. The business has a fifty day moving average of $41.31 and a 200 day moving average of $49.67. Ryan Specialty Holdings Inc. has a 1 year low of $31.73 and a 1 year high of $77.16. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 0.83 and a beta of 0.66.

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

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, February 24th. Ryan Specialty’s payout ratio is currently 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.