Ryan Specialty Holdings, Inc. (NYSE:RYAN) Holdings Raised by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 160.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 105,490 shares of the company’s stock after acquiring an additional 65,014 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Ryan Specialty were worth $6,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in Ryan Specialty in the 4th quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new stake in Ryan Specialty in the 4th quarter worth approximately $36,000. Principal Securities Inc. lifted its position in Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after buying an additional 415 shares in the last quarter. Mizuho Bank Ltd. purchased a new stake in Ryan Specialty in the 4th quarter worth approximately $49,000. Finally, Headlands Technologies LLC lifted its position in Ryan Specialty by 2,644.8% in the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company’s stock worth $51,000 after buying an additional 767 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $68.14 on Wednesday. Ryan Specialty Holdings, Inc. has a 1 year low of $52.34 and a 1 year high of $77.16. The firm’s fifty day simple moving average is $70.11 and its 200 day simple moving average is $68.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $17.85 billion, a PE ratio of 98.76, a PEG ratio of 1.19 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The business had revenue of $690.17 million for the quarter, compared to analyst estimates of $680.80 million. During the same period last year, the business posted $0.35 EPS. Ryan Specialty’s revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. Ryan Specialty’s payout ratio is presently 141.18%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RYAN shares. UBS Group raised their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Barclays cut their price target on shares of Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada cut their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group upgraded shares of Ryan Specialty from a “neutral” rating to a “buy” rating and raised their price target for the company from $74.00 to $81.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.42.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.10% of the stock is currently owned by company insiders.

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.