Vulcan Value Partners is Bullish on Ryan Specialty Holdings (RYAN)

In its Q2 2026 capitalist letter, Vulcan Value Partners highlighted Ryan Specialty Holdings, Inc. (NYSE:RYAN). Ryan Specialty Holdings, Inc. (NYSE:RYAN), a specialty security services institution that provides distribution, underwriting, merchandise development, administration, and hazard absorption services, contributed to the portfolio's show during the quarter. On July 30, 2026, Ryan Specialty Holdings, Inc. (NYSE:RYAN) closed astatine $44.09 per share. The one-month instrumentality of Ryan Specialty Holdings, Inc. (NYSE:RYAN) was 4.90%, and its shares mislaid 23.79% implicit the past 52 weeks. Ryan Specialty Holdings, Inc. (NYSE:RYAN) has a marketplace capitalization of $6.02 billion.

Vulcan Value Partners stated the pursuing regarding Ryan Specialty Holdings, Inc. (NYSE:RYAN) successful its Q2 2026 capitalist update:

"Ryan Specialty Holdings, Inc. (NYSE:RYAN), reported 11.8% integrated gross maturation during the archetypal quarter. However, the institution chopped its 2026 integrated gross outlook to mid-single-digit maturation from its anterior outlook of high-single-digit growth. The excess and surplus (E&S) marketplace continues to turn submissions (volumes) astatine robust levels, but 25% to 35% spot complaint declines are pressuring premium growth. For instance, successful 2025 full E&S premiums grew by 8%, portion submissions grew by 14%. For the archetypal six months of 2026, California E&S premiums grew 4%, portion submissions grew 23%. Florida E&S premiums declined 6%, portion submissions grew 15%. Texas E&S premiums grew 5%, portion submissions grew 21%. These 3 states study monthly stamping information and unneurotic they relationship for astir 45% of the E&S market. We are encouraged to spot the continued robust submission maturation and we judge the complaint unit is simply a short-term phenomenon, not a structural issue. In precocious May, Ryan accrued its stock repurchase authorization by an further $300MM aft exhausting its archetypal ever authorization successful the archetypal 5 months of 2026. In aboriginal June, 5 insiders bought banal connected the unfastened marketplace including Pat Ryan, Founder & Executive Chairman, and Janice Hamilton, CFO. Ryan's banal terms was volatile during the 2nd 4th portion its worth remained stable. We added to our presumption successful Ryan aboriginal successful the 4th erstwhile its terms to worth ratio was much attractive."