Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stake Increased by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. increased its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 32.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 184,942 shares of the company’s stock after acquiring an additional 45,472 shares during the quarter. Ryan Specialty accounts for about 3.6% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 14th largest position. Firetrail Investments PTY Ltd.’s holdings in Ryan Specialty were worth $11,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hollencrest Capital Management acquired a new position in Ryan Specialty in the third quarter worth $25,000. Assetmark Inc. acquired a new position in Ryan Specialty in the third quarter worth $34,000. Principal Securities Inc. boosted its holdings in Ryan Specialty by 164.7% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after purchasing an additional 415 shares during the period. Quarry LP boosted its holdings in Ryan Specialty by 109.3% in the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after purchasing an additional 422 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in Ryan Specialty by 26.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock worth $91,000 after purchasing an additional 286 shares during the period. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of Ryan Specialty stock opened at $70.07 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company’s 50-day moving average price is $66.02 and its two-hundred day moving average price is $67.41. Ryan Specialty Holdings, Inc. has a 52 week low of $48.48 and a 52 week high of $75.97. The stock has a market cap of $18.35 billion, a PE ratio of 101.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business had revenue of $663.53 million during the quarter, compared to the consensus estimate of $658.80 million. As a group, sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a $0.12 dividend. The ex-dividend date is Tuesday, March 4th. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.69%. Ryan Specialty’s payout ratio is 69.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RYAN. Barclays boosted their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods reduced their price target on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Wells Fargo & Company boosted their price target on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. UBS Group boosted 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. Finally, Royal Bank of Canada reduced their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.27.

Insiders Place Their Bets

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 60,200 shares in the company, valued at approximately $4,015,942. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 316,451 shares of company stock worth $20,907,793. 11.10% of the stock is owned by corporate insiders.

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.