Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System lifted its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,200 shares of the company’s stock after purchasing an additional 900 shares during the quarter. State of Michigan Retirement System’s holdings in Ryan Specialty were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Fund Management Co Ltd. purchased a new position in Ryan Specialty during the fourth quarter worth about $2,391,000. Jones Financial Companies Lllp lifted its holdings in shares of Ryan Specialty by 982.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,450 shares of the company’s stock worth $93,000 after acquiring an additional 1,316 shares during the last quarter. Firetrail Investments PTY Ltd. boosted its position in shares of Ryan Specialty by 32.6% during the 4th quarter. Firetrail Investments PTY Ltd. now owns 184,942 shares of the company’s stock worth $11,909,000 after purchasing an additional 45,472 shares during the period. Bridges Investment Management Inc. acquired a new stake in Ryan Specialty in the 4th quarter valued at approximately $206,000. Finally, Flaharty Asset Management LLC purchased a new stake in Ryan Specialty in the fourth quarter valued at approximately $321,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.39, for a total value of $2,358,650.00. Following the completion of the transaction, the director now owns 65,100 shares in the company, valued at $4,387,089. This represents a 34.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 316,451 shares of company stock worth $20,907,793 over the last three months. Insiders own 11.10% of the company’s stock.

Ryan Specialty Trading Up 0.1 %

Shares of NYSE:RYAN opened at $69.31 on Friday. The company has a market cap of $18.15 billion, a PE ratio of 100.45, a P/E/G ratio of 1.19 and a beta of 0.71. The company’s 50 day moving average is $66.57 and its two-hundred day moving average is $67.59. Ryan Specialty Holdings, Inc. has a 52 week low of $48.48 and a 52 week high of $75.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The business had revenue of $663.53 million during the quarter, compared to analyst estimates of $658.80 million. Equities analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share 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. Investors of record on Tuesday, March 4th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.69%. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 4th. Ryan Specialty’s dividend payout ratio is 69.57%.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several research analyst reports. Morgan Stanley initiated coverage on Ryan Specialty in a research report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price target for the company. UBS Group raised their target price on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price target on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Royal Bank of Canada lowered their price objective on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Finally, Barclays upped their target price on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ryan Specialty has an average rating of “Hold” and a consensus target price of $75.27.

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.