Blue Barn Wealth LLC Cuts Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Blue Barn Wealth LLC lowered its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 9.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,219 shares of the company’s stock after selling 353 shares during the quarter. Blue Barn Wealth LLC’s holdings in Ryan Specialty were worth $207,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Ryan Specialty during the fourth quarter valued at approximately $94,484,000. Principal Financial Group Inc. grew its position in Ryan Specialty by 115.2% during 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. Jennison Associates LLC lifted its position in Ryan Specialty by 60.2% during the 3rd quarter. Jennison Associates LLC now owns 1,025,063 shares of the company’s stock worth $68,054,000 after acquiring an additional 385,366 shares during the period. Eagle Asset Management Inc. lifted its stake in Ryan Specialty by 32.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,380,510 shares of the company’s stock valued at $98,555,000 after acquiring an additional 335,180 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ryan Specialty by 43.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 938,187 shares of the company’s stock valued at $62,286,000 after purchasing an additional 286,380 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley started coverage on Ryan Specialty in a report on Thursday, December 5th. They set an “overweight” rating and a $90.00 target price for the company. 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 on the stock in a research note on Friday, February 21st. UBS Group raised their price objective on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their price objective on Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock 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 assigned a buy rating to the stock. According to MarketBeat, Ryan Specialty currently has an average rating of “Hold” and a consensus target price of $75.27.

Ryan Specialty Trading Up 1.1 %

Ryan Specialty stock opened at $70.77 on Thursday. 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 Holdings, Inc. has a 12 month low of $48.48 and a 12 month high of $75.97. The company’s fifty day simple moving average is $66.36 and its 200-day simple moving average is $67.53. The stock has a market cap of $18.53 billion, a P/E ratio of 102.56, a P/E/G ratio of 1.19 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last announced 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). The business had revenue of $663.53 million for the quarter, compared to analyst estimates of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. As a group, sell-side analysts forecast 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. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change 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 0.68%. Ryan Specialty’s payout ratio is 69.57%.

Insiders Place Their Bets

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $66.71, for a total value of $2,334,850.00. Following the sale, the director now owns 60,200 shares of the company’s stock, valued at $4,015,942. The trade was a 36.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 316,451 shares of company stock worth $20,907,793 in the last ninety days. Insiders own 11.10% of the company’s stock.

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.