Daiwa Securities Group Inc. Sells 13,000 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Daiwa Securities Group Inc. decreased its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 13.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,596 shares of the company’s stock after selling 13,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Ryan Specialty were worth $5,683,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Ryan Specialty by 12.3% during the third quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock worth $89,000 after purchasing an additional 148 shares in the last quarter. UMB Bank n.a. boosted its stake in Ryan Specialty by 5.2% in the 3rd quarter. UMB Bank n.a. now owns 5,224 shares of the company’s stock worth $347,000 after purchasing an additional 256 shares during the period. GAMMA Investing LLC grew its holdings in Ryan Specialty by 96.4% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after buying an additional 297 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Ryan Specialty during the third quarter valued at approximately $25,000. Finally, CHICAGO TRUST Co NA raised its position in shares of Ryan Specialty by 10.3% during the third quarter. CHICAGO TRUST Co NA now owns 4,838 shares of the company’s stock valued at $321,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of Ryan Specialty stock opened at $75.10 on Wednesday. The stock has a 50 day moving average price of $69.27 and a 200-day moving average price of $62.80. Ryan Specialty Holdings, Inc. has a one year low of $41.49 and a one year high of $75.50. The stock has a market cap of $19.66 billion, a price-to-earnings ratio of 97.53, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The company had revenue of $604.69 million during the quarter, compared to analyst estimates of $602.04 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Ryan Specialty’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America raised their target price on shares of Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on 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 Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Barclays lifted their price objective on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.67.

Insiders Place Their Bets

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,790 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $71.39, for a total value of $1,055,858.10. Following the sale, the executive vice president now owns 12,386 shares in the company, valued at $884,236.54. This trade represents a 54.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by 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.