Cooper Financial Group Takes $261,000 Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Cooper Financial Group acquired a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) in the first quarter, HoldingsChannel reports. The fund acquired 4,712 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RYAN. HighTower Advisors LLC lifted its stake in shares of Ryan Specialty by 12.5% during the 3rd quarter. HighTower Advisors LLC now owns 9,258 shares of the company’s stock worth $449,000 after buying an additional 1,030 shares during the last quarter. UBS Group AG raised its stake in Ryan Specialty by 134.9% in the 3rd quarter. UBS Group AG now owns 138,413 shares of the company’s stock worth $6,699,000 after purchasing an additional 79,478 shares in the last quarter. Citigroup Inc. raised its stake in Ryan Specialty by 34.5% in the 3rd quarter. Citigroup Inc. now owns 10,095 shares of the company’s stock worth $489,000 after purchasing an additional 2,587 shares in the last quarter. Rhumbline Advisers raised its stake in Ryan Specialty by 1.6% in the 3rd quarter. Rhumbline Advisers now owns 118,510 shares of the company’s stock worth $5,736,000 after purchasing an additional 1,832 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Ryan Specialty by 192.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Up 7.7 %

NYSE RYAN traded up $4.24 on Friday, reaching $59.60. The company had a trading volume of 3,074,468 shares, compared to its average volume of 566,332. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 112.45, a P/E/G ratio of 1.44 and a beta of 0.61. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $59.83. The business has a 50 day moving average of $53.16 and a two-hundred day moving average of $49.34.

Ryan Specialty (NYSE:RYANGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a return on equity of 45.87% and a net margin of 9.15%. The business had revenue of $552.00 million during the quarter, compared to analyst estimates of $549.06 million. During the same period last year, the company earned $0.26 EPS. Ryan Specialty’s revenue for the quarter was up 20.6% compared to the same quarter last year. Analysts forecast that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. Ryan Specialty’s dividend payout ratio is presently 83.02%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RYAN. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Wolfe Research cut shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 6th. Citigroup lifted their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.67.

Read Our Latest Report on Ryan Specialty

About Ryan Specialty

(Free Report)

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.

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Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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