Ryan Specialty (RYAN)

Company Profile

Founded by Patrick G. Ryan in 2010, Ryan Specialty Group is a rapidly growing service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty Group provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Its mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers.

Company profile

Ticker

RYAN

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Insurance Agencies and Brokerages

Industry (SIC)

Insurance Agents, Brokers & Service

Equitable • Aon • Willis Towers Watson Public Limited • Marsh & McLennan Cos. • Enact • Brown & Brown • GoHealth • Erie Indemnity • Crawford & Co. • Waterdrop ...

Former names

MAVERICK SPECIALTY, INC., RYAN SPECIALTY GROUP HOLDINGS, INC.

SEC CIK

0001849253

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

New RSG, LLC • Ryan Specialty Group, LLC • Ryan Specialty Group • Ryan Services Group, LLC • RSG Underwriting Managers, LLC • WKFC Underwriting Managers, a series of RSG Underwriting Managers, LLC • EmergIn Risk, a series of RSG Underwriting Managers, LLC • Technical Risk Underwriters, a series of RSG Underwriting Managers, LLC • Life Science Risk, a series of RSG Underwriting Managers, LLC • Sapphire Blue, a series of RSG Underwriting Managers, LLC ...

RYAN stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$46.50

Low target

$42.00

High target

$51.00

Latest filings (excl ownership)

View all

10 Nov 22

Ryan Specialty Reports Third Quarter 2022 Results

12 Aug 22

Ryan Specialty Reports Second Quarter 2022 Results

11 Aug 22

8-K

Submission of Matters to a Vote of Security Holders

13 Jun 22

8-K

Amendments to Articles of Incorporation or Bylaws

13 May 22

Ryan Specialty Reports First Quarter 2022 Results

12 May 22

DEFA14A

Additional proxy soliciting materials

Transcripts

Earnings call transcript

2022 Q2

12 Aug 22

RYAN

Earnings call transcript

2022 Q1

14 May 22

RYAN

Earnings call transcript

2021 Q4

16 Mar 22

RYAN

Earnings call transcript

2021 Q3

12 Nov 21

Latest ownership filings

View all

BRENDAN MARTIN MULSHINE

2 Sep 22

BRENDAN MARTIN MULSHINE

26 Aug 22

Financial summary

Financial statements Chart RYAN financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	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)	833.14 mm	833.14 mm	833.14 mm	833.14 mm	833.14 mm	833.14 mm
Cash burn (monthly)	11.18 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	45.75 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	787.38 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	70.4	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

RYAN institutional ownership history Ownership history

71.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	197	165	+19.4%
Opened positions	50	38	+31.6%
Closed positions	18	29	-37.9%
Increased positions	63	61	+3.3%
Reduced positions	56	44	+27.3%

13F shares	Current	Prev Q	Change
Total value	3.11 bn	3.06 bn	+1.5%
Total shares	80.57 mm	81.08 mm	-0.6%
Total puts	7.90 k	0.00	NEW
Total calls	26.10 k	7.40 k	+252.7%
Total put/call ratio	0.3	–	–

Largest owners	Shares	Value	Change
ONEX Onex	12.46 mm	$342.53 mm	0.0%
Kayne Anderson Rudnick Investment Management	11.89 mm	$482.78 mm	-17.0%
Vanguard	7.56 mm	$307.06 mm	+5.7%
Zimmer Partners	5.00 mm	$203.10 mm	-0.8%
JHG Janus Henderson	3.90 mm	$158.25 mm	+0.1%
BLK Blackrock	3.30 mm	$134.11 mm	+14.6%
Artisan Partners Limited Partnership	2.89 mm	$117.26 mm	+15.2%
Alliancebernstein	2.41 mm	$97.83 mm	-7.0%
Blair William & Co	2.27 mm	$92.37 mm	+3.2%
Capital International Investors	1.91 mm	$77.71 mm	-39.1%

Largest transactions	Shares	Bought/sold	Change
Kayne Anderson Rudnick Investment Management	11.89 mm	-2.43 mm	-17.0%
T. Rowe Price Investment Management	1.55 mm	+1.55 mm	NEW
Capital International Investors	1.91 mm	-1.23 mm	-39.1%
STT State Street	0.00	-1.22 mm	EXIT
T. Rowe Price	1.10 mm	-971.23 k	-46.9%
BLK Blackrock	3.30 mm	+419.88 k	+14.6%
Schroder Investment Management	1.46 mm	-408.43 k	-21.9%
Vanguard	7.56 mm	+405.00 k	+5.7%
Artisan Partners Limited Partnership	2.89 mm	+380.61 k	+15.2%
D. E. Shaw & Co.	527.79 k	+330.80 k	+167.9%

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
25 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	39.1728	43,089	1.69 mm	6,458,771
25 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	39.1728	43,089	1.69 mm	6,458,770
23 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	39.0653	42,423	1.66 mm	6,415,682
23 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	38.6592	100,106	3.87 mm	6,373,259
23 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	39.0653	42,423	1.66 mm	6,415,681
23 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	38.6592	100,106	3.87 mm	6,373,258
22 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	39.2184	15,865	622.20 k	6,273,153
22 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	38.3933	46,573	1.79 mm	6,257,288
22 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	37.5016	81,375	3.05 mm	6,210,715
22 Nov 22	Ryan Patrick G	Class A Common Stock	Buy	Acquire P	Yes	No	39.2184	15,865	622.20 k	6,273,152