C WorldWide Group Holding A S Lowers Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

C WorldWide Group Holding A S lowered its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 75.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,136 shares of the company’s stock after selling 549,376 shares during the quarter. C WorldWide Group Holding A S’s holdings in Ryan Specialty were worth $11,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RYAN. State Street Corp raised its position in shares of Ryan Specialty by 1.5% in the 3rd quarter. State Street Corp now owns 3,273,093 shares of the company’s stock worth $217,301,000 after purchasing an additional 49,198 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Ryan Specialty by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,148,916 shares of the company’s stock worth $209,058,000 after purchasing an additional 13,986 shares during the last quarter. Principal Financial Group Inc. raised its position 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 worth $117,619,000 after purchasing an additional 981,505 shares during the last quarter. Barclays PLC raised its position in shares of Ryan Specialty by 1.1% in the 3rd quarter. Barclays PLC now owns 1,641,743 shares of the company’s stock worth $108,994,000 after purchasing an additional 17,267 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Ryan Specialty by 32.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,380,510 shares of the company’s stock worth $98,555,000 after purchasing an additional 335,180 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada lowered their price target on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a research report on Friday. Morgan Stanley started coverage on Ryan Specialty in a research report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. Keefe, Bruyette & Woods decreased their target price on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Barclays boosted their target price on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Ryan Specialty currently has a consensus rating of “Hold” and a consensus target price of $74.55.

Ryan Specialty Trading Down 4.4 %

Ryan Specialty stock opened at $65.55 on Monday. The business has a 50-day simple moving average of $65.57 and a two-hundred day simple moving average of $67.29. The company has a market cap of $17.16 billion, a P/E ratio of 95.00, a P/E/G ratio of 1.19 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a 52-week low of $45.72 and a 52-week high of $75.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The firm had revenue of $663.53 million for the quarter, compared to the consensus estimate of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. Analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.12 per share. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, March 4th. Ryan Specialty’s payout ratio is currently 63.77%.

Insider Buying and Selling at Ryan Specialty

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the completion of the transaction, the director now directly owns 60,200 shares in the company, valued at approximately $4,015,942. The trade was a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 316,451 shares of company stock worth $20,907,793 in the last three months. 11.10% of the stock is currently owned by company insiders.

Ryan Specialty Company 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.