Insider Buying: Ryan Specialty (NYSE:RYAN) Director Acquires $15,114.65 in Stock

Ryan Specialty Holdings Inc. (NYSE:RYAN) Director Patrick Ryan, Jr. purchased 365 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $41.41 per share, with a total value of $15,114.65. Following the transaction, the director directly owned 256,559 shares in the company, valued at $10,624,108.19. This trade represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryan Specialty Price Performance

NYSE RYAN opened at $39.22 on Friday. Ryan Specialty Holdings Inc. has a 1 year low of $37.29 and a 1 year high of $77.16. The stock’s 50-day moving average price is $47.66 and its two-hundred day moving average price is $52.81. The company has a market cap of $10.36 billion, a PE ratio of 93.38, a PEG ratio of 0.99 and a beta of 0.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.45 earnings per share (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 for the quarter, compared to analyst estimates of $777.43 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, February 24th. Ryan Specialty’s payout ratio is 123.81%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RYAN. The Goldman Sachs Group set a $61.00 price objective on Ryan Specialty in a research note on Wednesday, January 7th. Wells Fargo & Company cut their target price on shares of Ryan Specialty from $63.00 to $56.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Keefe, Bruyette & Woods lowered their price target on shares of Ryan Specialty from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Jefferies Financial Group began coverage on Ryan Specialty in a report on Monday, December 1st. They set a “hold” rating and a $64.00 price objective for the company. Finally, Morgan Stanley lowered 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ryan Specialty has a consensus rating of “Hold” and a consensus target price of $56.87.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in Ryan Specialty during the fourth quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in shares of Ryan Specialty during the 3rd quarter worth $28,000. Golden State Wealth Management LLC boosted its holdings in shares of Ryan Specialty by 10,975.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock worth $30,000 after buying an additional 439 shares during the period. SBI Securities Co. Ltd. grew its stake in Ryan Specialty by 6,322.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 578 shares of the company’s stock valued at $30,000 after buying an additional 569 shares during the last quarter. Finally, MAI Capital Management raised its holdings in Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock worth $32,000 after acquiring an additional 188 shares during the period. 84.82% of the stock is owned by institutional investors.

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.