Oak Thistle LLC Sells 4,101 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Oak Thistle LLC lessened its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) by 23.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,382 shares of the company’s stock after selling 4,101 shares during the quarter. Oak Thistle LLC’s holdings in Ryan Specialty were worth $576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Ryan Specialty by 192.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after buying an additional 361 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ryan Specialty by 524.8% during the 1st quarter. Royal Bank of Canada now owns 781 shares of the company’s stock valued at $31,000 after buying an additional 656 shares in the last quarter. Comerica Bank purchased a new stake in shares of Ryan Specialty during the 3rd quarter valued at approximately $34,000. American International Group Inc. purchased a new stake in shares of Ryan Specialty during the 2nd quarter valued at approximately $50,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Ryan Specialty during the 2nd quarter valued at approximately $51,000. Institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

RYAN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $44.00 to $47.00 and gave the company an “underweight” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods increased their target price on shares of Ryan Specialty from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Finally, Citigroup increased their target price on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ryan Specialty currently has an average rating of “Hold” and an average price target of $52.63.

Read Our Latest Report on Ryan Specialty

Ryan Specialty Stock Performance

NYSE RYAN opened at $52.23 on Thursday. The company’s 50 day simple moving average is $49.71 and its two-hundred day simple moving average is $46.70. The stock has a market capitalization of $13.59 billion, a PE ratio of 102.41 and a beta of 0.52. Ryan Specialty Holdings, Inc. has a 1 year low of $39.44 and a 1 year high of $56.51. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16.

Ryan Specialty (NYSE:RYANGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $532.90 million for the quarter, compared to analyst estimates of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Analysts predict that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently declared a None dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s payout ratio is 86.28%.

Ryan Specialty Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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