Daiwa Securities Group Inc. Has $7.07 Million Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Daiwa Securities Group Inc. lowered its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,402 shares of the company’s stock after selling 13,700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ryan Specialty were worth $7,073,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in Ryan Specialty by 31.5% in the 1st quarter. HighTower Advisors LLC now owns 9,565 shares of the company’s stock valued at $375,000 after buying an additional 2,290 shares during the period. Citigroup Inc. boosted its holdings in shares of Ryan Specialty by 16.9% during the 1st quarter. Citigroup Inc. now owns 4,744 shares of the company’s stock worth $184,000 after buying an additional 685 shares during the period. Natixis Advisors L.P. bought a new stake in shares of Ryan Specialty during the 1st quarter worth $515,000. Dimensional Fund Advisors LP acquired a new position in Ryan Specialty during the 1st quarter valued at $380,000. Finally, Vanguard Group Inc. raised its stake in Ryan Specialty by 42.3% during the 1st quarter. Vanguard Group Inc. now owns 6,747,855 shares of the company’s stock valued at $261,749,000 after purchasing an additional 2,006,018 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN opened at $50.29 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. Ryan Specialty Holdings, Inc. has a twelve month low of $39.44 and a twelve month high of $56.51. The firm’s 50 day moving average price is $51.38 and its two-hundred day moving average price is $46.87. The firm has a market cap of $13.09 billion, a P/E ratio of 98.61 and a beta of 0.52.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $532.90 million for the quarter, compared to analyst estimates of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, analysts forecast that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio is presently 86.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research report on Monday. Citigroup increased their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods increased their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Ryan Specialty presently has an average rating of “Hold” and a consensus target price of $54.25.

Ryan Specialty Profile

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.