Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Acquired by Dudley & Shanley Inc.

Dudley & Shanley Inc. raised its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 1.2% during the 1st quarter, HoldingsChannel reports. The fund owned 473,600 shares of the company’s stock after buying an additional 5,450 shares during the quarter. Ryan Specialty comprises about 4.4% of Dudley & Shanley Inc.’s portfolio, making the stock its 9th largest holding. Dudley & Shanley Inc.’s holdings in Ryan Specialty were worth $26,285,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co lifted its stake in Ryan Specialty by 28.9% in the 1st quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock valued at $1,349,000 after acquiring an additional 5,450 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in Ryan Specialty in the 1st quarter valued at approximately $244,000. Anderson Hoagland & Co. raised its stake in shares of Ryan Specialty by 2.8% during the 1st quarter. Anderson Hoagland & Co. now owns 50,991 shares of the company’s stock worth $2,619,000 after purchasing an additional 1,387 shares in the last quarter. Cooper Financial Group bought a new stake in shares of Ryan Specialty during the 1st quarter worth approximately $261,000. Finally, Renaissance Capital LLC raised its stake in shares of Ryan Specialty by 4.6% during the 1st quarter. Renaissance Capital LLC now owns 63,364 shares of the company’s stock worth $3,517,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN stock traded up $0.11 during trading on Wednesday, reaching $57.46. 604,371 shares of the company’s stock were exchanged, compared to its average volume of 911,508. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. The firm’s fifty day moving average price is $54.25 and its 200-day moving average price is $50.08. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $61.29. The stock has a market capitalization of $14.97 billion, a PE ratio of 108.21, a PEG ratio of 1.50 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Ryan Specialty had a return on equity of 45.87% and a net margin of 9.15%. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $549.06 million. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Monday, May 13th. Ryan Specialty’s dividend payout ratio is 83.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RYAN. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective on Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $62.00 price objective on shares of Ryan Specialty in a research note on Tuesday. Wolfe Research cut Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 6th. Finally, Bank of America began coverage on Ryan Specialty in a research note on Wednesday, May 22nd. They set a “buy” rating and a $67.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.67.

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.