Stifel Financial Corp Decreases Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Stifel Financial Corp reduced its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 12.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 93,074 shares of the company’s stock after selling 13,495 shares during the period. Stifel Financial Corp’s holdings in Ryan Specialty were worth $6,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Quantinno Capital Management LP purchased a new stake in Ryan Specialty in the third quarter worth $888,000. Quarry LP increased its position in Ryan Specialty by 109.3% in the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after buying an additional 422 shares during the last quarter. Petrus Trust Company LTA purchased a new stake in Ryan Specialty in the third quarter worth $689,000. Janus Henderson Group PLC increased its position in Ryan Specialty by 0.4% in the third quarter. Janus Henderson Group PLC now owns 3,148,916 shares of the company’s stock worth $209,058,000 after buying an additional 13,986 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Ryan Specialty by 101.6% in the third quarter. HighTower Advisors LLC now owns 39,969 shares of the company’s stock worth $2,661,000 after acquiring an additional 20,139 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RYAN has been the subject of a number of analyst reports. Bank of America raised their price target on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Morgan Stanley initiated coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. The Goldman Sachs Group raised their price target on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and an average price target of $73.50.

Ryan Specialty Price Performance

NYSE:RYAN opened at $67.62 on Friday. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 87.82, a P/E/G ratio of 1.54 and a beta of 0.67. Ryan Specialty Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $75.97. The stock has a fifty day moving average of $70.87 and a 200 day moving average of $64.42. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The firm had revenue of $604.69 million during the quarter, compared to analyst estimates of $602.04 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year. On average, research analysts expect that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.65%. The ex-dividend date was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is currently 57.14%.

Insiders Place Their Bets

In other news, EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total value of $1,055,858.10. Following the transaction, the executive vice president now owns 12,386 shares in the company, valued at approximately $884,236.54. The trade was a 54.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David P. Bolger sold 7,055 shares of Ryan Specialty stock in a transaction dated Thursday, November 21st. The stock was 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. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.10% of the company’s stock.

About Ryan Specialty

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.