Stephens Investment Management Group LLC Trims Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Stephens Investment Management Group LLC decreased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,617,395 shares of the company’s stock after selling 36,970 shares during the period. Ryan Specialty accounts for 1.5% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 11th biggest position. Stephens Investment Management Group LLC owned approximately 0.62% of Ryan Specialty worth $107,379,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RYAN. GAMMA Investing LLC lifted its holdings in Ryan Specialty by 96.4% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after purchasing an additional 297 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Ryan Specialty during the second quarter worth approximately $39,000. Signaturefd LLC grew its stake in Ryan Specialty by 12.3% in the 3rd quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock worth $89,000 after acquiring an additional 148 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Ryan Specialty during the second quarter worth $87,000. Finally, RiverPark Advisors LLC lifted its position in Ryan Specialty by 360.6% during the first quarter. RiverPark Advisors LLC now owns 2,773 shares of the company’s stock worth $154,000 after buying an additional 2,171 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Ryan Specialty Stock Down 4.4 %

NYSE RYAN opened at $65.91 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $73.10. The business has a 50 day moving average price of $66.99 and a two-hundred day moving average price of $60.29. The stock has a market cap of $17.23 billion, a PE ratio of 85.59, a P/E/G ratio of 1.56 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 48.99%. The business had revenue of $604.69 million during the quarter, compared to analyst estimates of $602.04 million. During the same period last year, the business earned $0.32 EPS. The business’s revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is 57.14%.

Insider Buying and Selling at Ryan Specialty

In other news, Director Nicholas Dominic Cortezi sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.02, for a total transaction of $97,530.00. Following the completion of the transaction, the director now directly owns 25,123 shares in the company, valued at approximately $1,633,497.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, President Timothy William Turner sold 2,000,000 shares of Ryan Specialty stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the completion of the transaction, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicholas Dominic Cortezi sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.02, for a total value of $97,530.00. Following the transaction, the director now owns 25,123 shares in the company, valued at $1,633,497.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,107,136 shares of company stock worth $131,860,032 in the last 90 days. 11.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RYAN. The Goldman Sachs Group increased their price objective on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. UBS Group increased their price target on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Barclays initiated coverage on shares of Ryan Specialty in a research note on Wednesday, September 4th. They set an “overweight” rating and a $76.00 price objective for the company. BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. Finally, Bank of America boosted their price target on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.33.

About Ryan Specialty

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.