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 • EmergIn Risk, a series of RSG Underwriting Managers, LLC • Life Science Risk, a series of RSG Underwriting Managers, LLC • Power Energy • Ryan Specialty Transactional Risks US, a series of RSG Underwriting Managers, LLC ...

RYAN stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$79.75

Low target

$64.00

High target

$90.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

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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

31 Oct 24

Ryan Specialty Reports Third Quarter 2024 Results

30 Oct 24

8-K

Entry into a Material Definitive Agreement

19 Sep 24

8-K

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

5 Sep 24

8-K

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

5 Sep 24

8-K

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

2 Aug 24

Transcripts

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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

RYAN

Earnings call transcript

2022 Q4

28 Feb 23

Latest ownership filings

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144

Notice of proposed sale of securities

29 Jan 25

144

Notice of proposed sale of securities

29 Jan 25

NICHOLAS DOMINIC CORTEZI

28 Jan 25

144

Notice of proposed sale of securities

28 Jan 25

144

Notice of proposed sale of securities

28 Jan 25

144

Notice of proposed sale of securities

27 Jan 25

144

Notice of proposed sale of securities

27 Jan 25

NICHOLAS DOMINIC CORTEZI

24 Jan 25

144

Notice of proposed sale of securities

23 Jan 25

144

Notice of proposed sale of securities

23 Jan 25

Financial summary

Financial statements Chart RYAN financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	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)	1.36 bn	1.36 bn	1.36 bn	1.36 bn	1.36 bn	1.36 bn
Cash burn (monthly)	(no burn)	20.57 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	82.75 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.27 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	61.9	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 2024

RYAN institutional ownership history Ownership history

38.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	345	300	+15.0%
Opened positions	73	80	-8.8%
Closed positions	28	40	-30.0%
Increased positions	108	90	+20.0%
Reduced positions	119	89	+33.7%

13F shares	Current	Prev Q	Change
Total value	5.69 tn	5.14 tn	+10.8%
Total shares	100.06 mm	102.73 mm	-2.6%
Total puts	36.80 k	48.30 k	-23.8%
Total calls	162.60 k	155.10 k	+4.8%
Total put/call ratio	0.2	0.3	-27.3%

Largest owners	Shares	Value	Change
Vanguard	9.35 mm	$620.80 bn	-0.0%
BlackRock	9.29 mm	$617.06 bn	NEW
Kayne Anderson Rudnick Investment Management	7.12 mm	$472.73 bn	-10.7%
Capital World Investors	6.59 mm	$437.41 bn	+0.0%
ONEX Onex	4.15 mm	$224.73 mm	0.0%
Zimmer Partners	4.08 mm	$270.74 bn	-10.4%
Champlain Investment Partners	3.64 mm	$241.94 bn	-24.8%
STT State Street	3.27 mm	$217.30 bn	+1.5%
Bessemer	3.20 mm	$212.66 mm	+1.9%
JHG Janus Henderson	3.15 mm	$209.06 bn	+0.4%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-11.26 mm	EXIT
BlackRock	9.29 mm	+9.29 mm	NEW
Champlain Investment Partners	3.64 mm	-1.20 mm	-24.8%
Kayne Anderson Rudnick Investment Management	7.12 mm	-854.37 k	-10.7%
Norges Bank	0.00	-820.68 k	EXIT
PFG Principal Financial	851.70 k	+509.55 k	+148.9%
Zimmer Partners	4.08 mm	-473.01 k	-10.4%
Citadel Advisors	411.74 k	+409.98 k	+23281.3%
Jennison Associates	1.03 mm	+385.37 k	+60.2%
MS Morgan Stanley	1.40 mm	+377.42 k	+37.0%

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
28 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.0328	4,900	318.66 k	1,309
28 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.0805	30,100	1.96 mm	38,649
27 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.0228	4,900	318.61 k	6,209
27 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.2868	30,100	1.97 mm	68,749
23 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.1273	4,900	319.12 k	11,109
23 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.111	5,585	363.64 k	98,849
22 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	65.8361	4,900	322.60 k	16,009
22 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	66.4511	8,785	583.77 k	104,434
22 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	66.0147	21,315	1.41 mm	113,219
21 Jan 25	Nicholas Dominic Cortezi	Class A Common Stock	Sell	Dispose S	Yes	No	66.9306	4,900	327.96 k	20,909