Key Points
- Director John Rogers, Jr. bought 7,500 shares of Ryan Specialty at an average price of $35.16, a transaction worth $263,700. After the purchase, his holdings increased 6.79% to 117,933 shares.
- Ryan Specialty recently reported better-than-expected quarterly results, posting EPS of $0.47 versus estimates of $0.43 and revenue of $795.23 million versus expectations of $781.44 million. Revenue rose 15.2% year over year.
- The company also announced a quarterly dividend of $0.13 per share and a new $300 million share buyback plan, signaling continued capital returns to shareholders.
Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) Director John Rogers, Jr. purchased 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of $35.16 per share, for a total transaction of $263,700.00. Following the purchase, the director owned 117,933 shares of the company's stock, valued at $4,146,524.28. This represents a 6.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ryan Specialty Price Performance
Ryan Specialty stock opened at $34.48 on Friday. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 0.83 and a beta of 0.64. The firm's fifty day moving average is $33.57 and its 200 day moving average is $41.87. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.90. Ryan Specialty Holdings Inc. has a 52-week low of $29.28 and a 52-week high of $69.49.
Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The company had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. Ryan Specialty's revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts forecast that Ryan Specialty Holdings Inc. will post 2.05 EPS for the current fiscal year.
Ryan Specialty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. Ryan Specialty's dividend payout ratio is presently 67.53%.
Ryan Specialty announced that its board has initiated a share buyback plan on Tuesday, May 26th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of RYAN. Vulcan Value Partners LLC increased its position in Ryan Specialty by 631.7% during the fourth quarter. Vulcan Value Partners LLC now owns 4,621,079 shares of the company's stock valued at $238,536,000 after acquiring an additional 3,989,502 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Ryan Specialty by 79.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,552,002 shares of the company's stock valued at $389,910,000 after acquiring an additional 3,353,926 shares during the last quarter. Independent Franchise Partners LLP bought a new position in Ryan Specialty during the third quarter valued at $95,798,000. Adage Capital Partners GP L.L.C. increased its position in Ryan Specialty by 1,510.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,610,000 shares of the company's stock valued at $83,124,000 after acquiring an additional 1,510,000 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its position in Ryan Specialty by 76.9% during the third quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company's stock valued at $172,800,000 after acquiring an additional 1,332,773 shares during the last quarter. Institutional investors own 84.82% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. BMO Capital Markets downgraded 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 research note on Wednesday, February 25th. Royal Bank Of Canada assumed coverage on shares of Ryan Specialty in a research note on Tuesday, March 17th. They set an "outperform" rating and a $45.00 price target on the stock. Morgan Stanley decreased their price target on shares of Ryan Specialty from $45.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. Zacks Research cut shares of Ryan Specialty from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ryan Specialty from $49.00 to $43.00 and set an "underweight" rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $47.12.
Get Our Latest Stock Analysis on Ryan Specialty
About Ryan Specialty
(
Get Free Report)
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.
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