CWA Asset Management Group LLC Buys New Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

CWA Asset Management Group LLC bought a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,741 shares of the company’s stock, valued at approximately $248,000.

Several other large investors have also recently bought and sold shares of RYAN. Champlain Investment Partners LLC increased its holdings in Ryan Specialty by 28.0% in the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock valued at $274,022,000 after buying an additional 1,079,505 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ryan Specialty by 148.9% during the third quarter. Principal Financial Group Inc. now owns 851,704 shares of the company’s stock worth $56,545,000 after purchasing an additional 509,548 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Ryan Specialty by 33.9% during the first quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company’s stock worth $106,886,000 after purchasing an additional 488,067 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ryan Specialty by 132.2% during the second quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock worth $48,425,000 after purchasing an additional 476,126 shares during the last quarter. Finally, 2Xideas AG purchased a new position in shares of Ryan Specialty during the first quarter worth about $19,765,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $64.69, for a total value of $2,264,150.00. Following the completion of the sale, the director now directly owns 19,251 shares of the company’s stock, valued at approximately $1,245,347.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $64.69, for a total value of $2,264,150.00. Following the completion of the sale, the director now directly owns 19,251 shares of the company’s stock, valued at approximately $1,245,347.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the sale, the executive vice president now directly owns 12,386 shares of the company’s stock, valued at $884,236.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,693 shares of company stock valued at $6,306,023 in the last ninety days. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup raised their price objective on Ryan Specialty from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Bank of America raised their price target on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their price target on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Ryan Specialty currently has a consensus rating of “Hold” and an average target price of $70.33.

Ryan Specialty Price Performance

RYAN stock opened at $71.62 on Wednesday. The firm has a 50 day moving average of $67.71 and a 200-day moving average of $61.37. Ryan Specialty Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $73.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 93.21, a PEG ratio of 1.62 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The company had revenue of $604.69 million during the quarter, compared to the consensus estimate of $602.04 million. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.61%. Ryan Specialty’s dividend payout ratio (DPR) is 57.14%.

Ryan Specialty Company Profile

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