Ryan Specialty Holdings Inc. $RYAN Stock Holdings Cut by Montrusco Bolton Investments Inc.

by · The Markets Daily

Montrusco Bolton Investments Inc. reduced its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN – Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,016,985 shares of the company’s stock after selling 672,046 shares during the quarter. Ryan Specialty comprises 1.2% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 26th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Ryan Specialty were worth $74,628,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RYAN. GAMMA Investing LLC lifted its position in shares of Ryan Specialty by 30.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,749 shares of the company’s stock worth $102,000 after purchasing an additional 642 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Ryan Specialty by 464.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,599 shares of the company’s stock valued at $133,000 after purchasing an additional 2,961 shares during the period. Fenimore Asset Management Inc boosted its stake in Ryan Specialty by 1.8% during the 3rd quarter. Fenimore Asset Management Inc now owns 1,330,600 shares of the company’s stock valued at $49,232,000 after purchasing an additional 23,994 shares during the period. Confluence Investment Management LLC boosted its stake in Ryan Specialty by 64.6% during the 3rd quarter. Confluence Investment Management LLC now owns 311,140 shares of the company’s stock valued at $11,512,000 after purchasing an additional 122,139 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Ryan Specialty in the 2nd quarter valued at approximately $351,000. 84.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company dropped their price target on Ryan Specialty from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Monday. Atlantic Securities set a $69.00 price target on Ryan Specialty in a report on Wednesday, July 15th. Weiss Ratings raised Ryan Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Royal Bank Of Canada increased their price objective on Ryan Specialty from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Ryan Specialty from $48.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and an average target price of $52.21.

View Our Latest Report on Ryan Specialty

Ryan Specialty Stock Performance

Ryan Specialty stock traded up $0.65 on Tuesday, hitting $37.90. The company’s stock had a trading volume of 1,262,022 shares, compared to its average volume of 2,210,482. Ryan Specialty Holdings Inc. has a one year low of $29.28 and a one year high of $58.94. The firm has a market cap of $9.70 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 0.74 and a beta of 0.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.51. The company has a fifty day moving average price of $40.66 and a 200-day moving average price of $37.68.

Ryan Specialty (NYSE:RYAN – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.14. Ryan Specialty had a net margin of 7.55% and a return on equity of 43.97%. The firm had revenue of $916.65 million during the quarter, compared to analyst estimates of $873.93 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Ryan Specialty Holdings Inc. will post 2.17 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 11th. Ryan Specialty’s dividend payout ratio (DPR) is 72.22%.

Ryan Specialty Profile

(Free Report)

Ryan Specialty Holdings, Inc is a specialty insurance services company that supports insurance brokers, agents, carriers and other industry participants. Its businesses focus on areas of the market that often require specialized underwriting expertise, distribution capabilities and risk-management knowledge.

The company operates through wholesale brokerage, underwriting management and delegated authority platforms. Its products and services address a range of specialty lines, including property and casualty insurance, professional liability, cyber coverage, transactional risk, transportation, environmental risks and other complex or hard-to-place exposures.

Ryan Specialty was founded in 2010 by Patrick G.

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