Handelsbanken Fonder AB Has $1.46 Million Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Handelsbanken Fonder AB decreased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,800 shares of the company’s stock after selling 1,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ryan Specialty were worth $1,463,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC increased its stake in Ryan Specialty by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 15,690 shares of the company’s stock valued at $1,045,000 after acquiring an additional 188 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Ryan Specialty by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company’s stock worth $778,000 after purchasing an additional 190 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Ryan Specialty by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,674 shares of the company’s stock valued at $236,000 after purchasing an additional 196 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Ryan Specialty by 26.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock valued at $91,000 after purchasing an additional 286 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Ryan Specialty by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,760 shares of the company’s stock worth $755,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $66.71, for a total value of $2,334,850.00. Following the sale, the director now directly owns 60,200 shares of the company’s stock, valued at $4,015,942. This trade represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 316,451 shares of company stock worth $20,907,793 in the last 90 days. Company insiders own 11.10% of the company’s stock.

Ryan Specialty Stock Down 0.0 %

RYAN stock opened at $68.98 on Thursday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $65.76 and its two-hundred day moving average price is $67.35. Ryan Specialty Holdings, Inc. has a fifty-two week low of $46.71 and a fifty-two week high of $75.97. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 99.97, a PEG ratio of 1.19 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) 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 the consensus estimate of $658.80 million. On average, equities analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio is currently 69.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RYAN shares. Barclays boosted their price target 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. Morgan Stanley started coverage on shares of Ryan Specialty in a research note on Thursday, December 5th. They issued an “overweight” rating and a $90.00 target price on the stock. UBS Group increased their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, Keefe, Bruyette & Woods dropped their target price on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and an average price target 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.