Schroder Investment Management Group Buys 18,623 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Schroder Investment Management Group raised its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 742,571 shares of the company’s stock after acquiring an additional 18,623 shares during the period. Schroder Investment Management Group’s holdings in Ryan Specialty were worth $47,317,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RYAN. Rakuten Securities Inc. bought a new stake in shares of Ryan Specialty in the fourth quarter worth about $27,000. Principal Securities Inc. increased its stake in Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after acquiring an additional 415 shares during the last quarter. Quarry LP increased its stake in Ryan Specialty by 109.3% in 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 last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Ryan Specialty during the 4th quarter valued at approximately $54,000. Finally, R Squared Ltd bought a new position in shares of Ryan Specialty during the 4th quarter valued at approximately $92,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RYAN. Royal Bank of Canada decreased 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. Wells Fargo & Company upped their target price on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. 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 objective on the stock. Finally, UBS Group lifted their target price on Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Ryan Specialty currently has an average rating of “Hold” and a consensus price target of $75.27.

Ryan Specialty Stock Performance

RYAN stock opened at $73.96 on Tuesday. Ryan Specialty Holdings, Inc. has a twelve month low of $48.48 and a twelve month high of $75.97. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 107.18, a PEG ratio of 1.19 and a beta of 0.71. The business’s fifty day simple moving average is $68.89 and its two-hundred day simple moving average is $68.39. 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 announced its quarterly earnings data 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). The company 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 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.48 annualized dividend and a yield of 0.65%. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio is 69.57%.

Insiders Place Their Bets

In other news, Director Nicholas Dominic Cortezi sold 29,466 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $65.06, for a total transaction of $1,917,057.96. Following the transaction, the director now directly owns 45,409 shares in the company, valued at approximately $2,954,309.54. This trade represents a 39.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The disclosure for this sale can be found here. Insiders have sold 241,360 shares of company stock worth $16,006,428 in the last ninety days. 11.10% of the stock is owned by company 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.