RYAN

In February 2026, Ryan Specialty reported slower organic revenue growth of 6.6% and a decline in adjusted EBITDAC margin to 29.6% for Q4 and full-year 2025, leading to a 12.78% stock price drop and a forecast of high single-digit revenue growth with flat to moderately down margins for 2026. Following these disclosures, law firms launched investigations in May and June 2026 into potential securities fraud or unlawful practices. On June 24, 2026, RT Specialty announced a planned leadership succession. On July 30, 2026, the company reported Q2 2026 results with total revenue growth of 7.2% and organic revenue growth of 6.7%, and its board declared a quarterly dividend of $0.13 per share. On September 11, 2026, the stock experienced a -3.37% downward trend over three consecutive days. On September 19, 2026, Fenimore Asset Management initiated a position in RYAN, and founder Pat Ryan reportedly bought shares. News on September 21, 2026, indicated Ryan Specialty lost producers to a rival and is facing challenges related to covenants.