Ryan Specialty (RYAN)

New Ryan Specialty, LLC • Ryan Specialty, LLC • Ryan Services Group, LLC • RSG Underwriting Managers, LLC • CorRisk Solutions, a series of RSG Underwriting Managers, LLC • Emerald Underwriting Managers, a series of RSG Underwriting Managers, LLC • Greenhill Underwriting Managers, a series of RSG Underwriting Managers, LLC • Ryan Financial Lines, a series of RSG Underwriting Managers, LLC • Life Science Risk, a series of RSG Underwriting Managers, LLC • Power Energy ...

RYAN stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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ARS

2024 FY

Annual report to shareholders

17 Apr 25

DEFA14A

Additional proxy soliciting materials

17 Apr 25

Departure of Directors or Certain Officers

21 Feb 25

Ryan Specialty Reports Fourth Quarter 2024 Results

20 Feb 25

8-K

Entry into a Material Definitive Agreement

9 Dec 24

8-K

Ryan Specialty, LLC Upsizes and Prices $600 Million of Senior Secured Notes

2 Dec 24

8-K

Ryan Specialty, LLC Launches Private Offering of $500 Million of Senior Secured Notes

2 Dec 24

Transcripts

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RYAN

Earnings call transcript

2024 Q4

20 Feb 25

RYAN

Earnings call transcript

2024 Q3

30 Oct 24

RYAN

Earnings call transcript

2024 Q2

1 Aug 24

RYAN

Earnings call transcript

2024 Q1

2 May 24

RYAN

Earnings call transcript

2023 Q4

27 Feb 24

RYAN

Earnings call transcript

2023 Q3

2 Nov 23

RYAN

Earnings call transcript

2023 Q2

3 Aug 23

RYAN

Earnings call transcript

2023 Q2

3 Aug 23

RYAN

Earnings call transcript

2023 Q1

4 May 23

RYAN

Earnings call transcript

2023 Q1

4 May 23

Latest ownership filings

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TIMOTHY WILLIAM TURNER

2 Apr 25

Benjamin MIles Wuller

2 Apr 25

JEREMIAH RAWLINS BICKHAM

2 Apr 25

Janice M Hamilton

2 Apr 25

BRENDAN MARTIN MULSHINE

BRENDAN MARTIN MULSHINE

17 Mar 25

144

Notice of proposed sale of securities

14 Mar 25

PATRICK G RYAN JR

12 Mar 25

Financial summary

Financial statements Chart RYAN financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.68 bn	1.68 bn	1.68 bn	1.68 bn	1.68 bn	1.68 bn
Cash burn (monthly)	(no burn)	6.29 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	23.28 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.66 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	263.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

RYAN institutional ownership history Ownership history

80.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	360	347	+3.7%
Opened positions	54	73	-26.0%
Closed positions	41	27	+51.9%
Increased positions	154	109	+41.3%
Reduced positions	99	119	-16.8%

13F shares	Current	Prev Q	Change
Total value	5.71 tn	5.72 tn	-0.3%
Total shares	102.24 mm	100.50 mm	+1.7%
Total puts	67.00 k	36.80 k	+82.1%
Total calls	134.60 k	162.60 k	-17.2%
Total put/call ratio	0.5	0.2	+119.9%

Largest owners	Shares	Value	Change
Vanguard	9.88 mm	$633.93 bn	+5.7%
BlackRock	9.78 mm	$627.54 bn	+5.2%
Capital World Investors	6.59 mm	$422.90 bn	+0.0%
Kayne Anderson Rudnick Investment Management	4.26 mm	$273.39 bn	-40.2%
ONEX Onex	4.15 mm	$224.73 mm	0.0%
Zimmer Partners	3.70 mm	$237.39 bn	-9.3%
STT State Street	3.48 mm	$223.41 bn	+6.4%
Bessemer	3.28 mm	$210.65 mm	+2.5%
Blair William & Co	2.77 mm	$177.46 bn	+0.6%
JHG Janus Henderson	2.43 mm	$155.99 bn	-22.8%

Largest transactions	Shares	Bought/sold	Change
Kayne Anderson Rudnick Investment Management	4.26 mm	-2.86 mm	-40.2%
RJF Raymond James Financial	1.47 mm	+1.47 mm	NEW
Champlain Investment Partners	2.19 mm	-1.45 mm	-39.9%
Eagle Asset Management	0.00	-1.38 mm	EXIT
Norges Bank	1.22 mm	+1.22 mm	NEW
Millennium Management	1.17 mm	+1.08 mm	+1111.4%
PFG Principal Financial	1.83 mm	+981.51 k	+115.2%
CIBC Private Wealth	785.93 k	+774.72 k	+6911.0%
JHG Janus Henderson	2.43 mm	-717.72 k	-22.8%
Westfield Capital Management	668.58 k	+668.58 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RYAN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 25	Michael Conklin	Class A Common Stock	Payment of exercise	Dispose F	No	No	73.87	2,902	214.37 k	4,735
1 Apr 25	Michael Conklin	Class A Common Stock	Buy	Acquire P	No	No	0	7,637	0.00	7,637
1 Apr 25	Michael Conklin	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	7,637	0.00	30,545
1 Apr 25	Mark Stephen Katz	Class A Common Stock	Payment of exercise	Dispose F	No	No	73.87	638	47.13 k	1,117
1 Apr 25	Mark Stephen Katz	Class A Common Stock	Option exercise	Acquire M	No	No	0	1,755	0.00	1,755
1 Apr 25	Mark Stephen Katz	Restricted LLC Units Class A Common Stock	Option exercise	Dispose M	No	No	0	1,755	0.00	0
1 Apr 25	Brendan Martin Mulshine	Class A Common Stock	Payment of exercise	Dispose F	No	No	73.87	452	33.39 k	75,366
1 Apr 25	Brendan Martin Mulshine	Class A Common Stock	Option exercise	Acquire M	No	No	0	1,226	0.00	75,818
1 Apr 25	Brendan Martin Mulshine	Restricted LLC Units Class A Common Stock	Option exercise	Dispose M	No	No	0	1,226	0.00	0
1 Apr 25	Janice M Hamilton	Class A Common Stock	Payment of exercise	Dispose F	No	No	73.87	135	9.97 k	4,765