OMERS ADMINISTRATION Corp Makes New $892,000 Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

OMERS ADMINISTRATION Corp bought a new position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,900 shares of the company’s stock, valued at approximately $892,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Ryan Specialty by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company’s stock worth $633,933,000 after acquiring an additional 529,631 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Ryan Specialty by 2.5% in the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company’s stock valued at $210,651,000 after purchasing an additional 79,976 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Ryan Specialty by 0.6% in the 4th quarter. Blair William & Co. IL now owns 2,765,963 shares of the company’s stock valued at $177,464,000 after purchasing an additional 16,540 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ryan Specialty by 115.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,833,209 shares of the company’s stock valued at $117,619,000 after purchasing an additional 981,505 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Ryan Specialty by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company’s stock valued at $115,468,000 after purchasing an additional 46,960 shares during the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Stock Up 1.1%

Shares of Ryan Specialty stock opened at $70.67 on Friday. The company has a fifty day moving average price of $70.16 and a 200 day moving average price of $68.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a twelve month low of $52.34 and a twelve month high of $77.16. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 102.42, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $690.17 million during the quarter, compared to analysts’ expectations of $680.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. Equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.68%. Ryan Specialty’s payout ratio is currently 141.18%.

Analyst Ratings Changes

A number of brokerages have weighed in on RYAN. Keefe, Bruyette & Woods decreased 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. UBS Group lifted 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. The Goldman Sachs Group upgraded shares of Ryan Specialty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. TD Cowen began coverage on shares of Ryan Specialty in a report on Thursday, April 10th. They issued a “buy” rating and a $89.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ryan Specialty presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.42.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.10% of the stock is currently owned by corporate 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.