Cottonwood Capital Advisors LLC Has $218,000 Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Cottonwood Capital Advisors LLC decreased its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 41.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,405 shares of the company’s stock after selling 2,438 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Ryan Specialty were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Hollencrest Capital Management bought a new position in Ryan Specialty during the 3rd quarter worth approximately $25,000. Assetmark Inc. acquired a new stake in Ryan Specialty during the 3rd quarter worth about $34,000. Quarry LP grew its holdings in Ryan Specialty by 109.3% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after acquiring an additional 422 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ryan Specialty by 106.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $83,000 after purchasing an additional 644 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Ryan Specialty by 12.3% in the 3rd quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock valued at $89,000 after purchasing an additional 148 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on RYAN. 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. Wells Fargo & Company reduced their price target on shares of Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays upped their price objective 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. Bank of America boosted their target price on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley started coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.40.

Ryan Specialty Trading Down 1.5 %

Shares of Ryan Specialty stock opened at $63.27 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 stock has a fifty day simple moving average of $67.34 and a 200 day simple moving average of $66.14. Ryan Specialty Holdings, Inc. has a 12-month low of $42.21 and a 12-month high of $75.97. The company has a market capitalization of $16.57 billion, a P/E ratio of 82.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72.

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 47.90%. The company had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. During the same period last year, the firm earned $0.32 earnings per share. The firm’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio is presently 57.14%.

Insider Activity at Ryan Specialty

In other news, Director Nicholas Dominic Cortezi sold 10,485 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $65.12, for a total transaction of $682,783.20. Following the completion of the sale, the director now owns 11,109 shares in the company, valued at $723,418.08. This trade represents a 48.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David P. Bolger sold 7,055 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $70.88, for a total value of $500,058.40. Following the completion of the transaction, the director now owns 78,149 shares in the company, valued at approximately $5,539,201.12. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 271,887 shares of company stock valued at $18,118,273. 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.