Russell Investments Group Ltd. Acquires 152,215 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Posted by on May 13th, 2023

Russell Investments Group Ltd. increased its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get Rating) by 226.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 219,503 shares of the company’s stock after purchasing an additional 152,215 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Ryan Specialty worth $9,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Ryan Specialty by 524.8% in the 1st quarter. Royal Bank of Canada now owns 781 shares of the company’s stock valued at $31,000 after purchasing an additional 656 shares during the period. American International Group Inc. bought a new position in Ryan Specialty in the 2nd quarter valued at about $50,000. Quantbot Technologies LP bought a new position in Ryan Specialty in the 2nd quarter valued at about $51,000. Federated Hermes Inc. bought a new position in Ryan Specialty in the 3rd quarter valued at about $53,000. Finally, Tower Research Capital LLC TRC raised its holdings in Ryan Specialty by 340.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $74,000 after acquiring an additional 1,409 shares during the period. 26.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Ryan Specialty

In related news, CEO Patrick G. Ryan purchased 208,100 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average cost of $37.39 per share, with a total value of $7,780,859.00. Following the completion of the purchase, the chief executive officer now owns 13,123,127 shares in the company, valued at approximately $490,673,718.53. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ryan Specialty news, CEO Patrick G. Ryan acquired 208,100 shares of Ryan Specialty stock in a transaction dated Tuesday, March 14th. The stock was purchased at an average cost of $37.39 per share, for a total transaction of $7,780,859.00. Following the completion of the acquisition, the chief executive officer now directly owns 13,123,127 shares of the company’s stock, valued at $490,673,718.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Stephen Katz acquired 4,000 shares of Ryan Specialty stock in a transaction dated Friday, March 10th. The shares were acquired at an average price of $37.15 per share, with a total value of $148,600.00. Following the completion of the acquisition, the insider now directly owns 11,500 shares of the company’s stock, valued at $427,225. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 130,921 shares of company stock valued at $5,485,592. Corporate insiders own 54.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RYAN. BMO Capital Markets began coverage on shares of Ryan Specialty in a report on Thursday, January 19th. They issued an “outperform” rating and a $51.00 price target on the stock. TheStreet upgraded shares of Ryan Specialty from a “d” rating to a “c-” rating in a research report on Thursday, March 23rd. Wells Fargo & Company increased their target price on shares of Ryan Specialty from $49.00 to $50.00 in a research report on Friday, May 5th. Finally, Citigroup increased their price target on shares of Ryan Specialty from $44.00 to $45.00 in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.88.

Ryan Specialty Price Performance

RYAN stock opened at $43.64 on Friday. The company has a fifty day moving average price of $40.23 and a 200-day moving average price of $41.02. The company has a market capitalization of $11.33 billion, a P/E ratio of 77.93 and a beta of 0.43. Ryan Specialty Holdings, Inc. has a 52-week low of $32.13 and a 52-week high of $46.40. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.24 and a current ratio of 1.25.

Ryan Specialty (NYSE:RYAN – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $457.90 million during the quarter, compared to the consensus estimate of $441.53 million. Ryan Specialty had a net margin of 10.11% and a return on equity of 40.74%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. As a group, equities analysts expect that Ryan Specialty Holdings, Inc. will post 1.33 EPS for the current year.

About Ryan Specialty

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Ryan Specialty Group Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

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Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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