Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Bought by Principal Securities Inc.

Principal Securities Inc. lifted its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 164.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 667 shares of the company’s stock after buying an additional 415 shares during the period. Principal Securities Inc.’s holdings in Ryan Specialty were worth $43,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Ryan Specialty in the 3rd quarter worth approximately $753,000. State of Alaska Department of Revenue lifted its position in shares of Ryan Specialty by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 11,940 shares of the company’s stock worth $792,000 after purchasing an additional 805 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of Ryan Specialty in the third quarter valued at $289,000. Janney Montgomery Scott LLC grew its holdings in Ryan Specialty by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,994 shares of the company’s stock valued at $1,128,000 after purchasing an additional 1,799 shares in the last quarter. Finally, Geneva Partners LLC acquired a new stake in Ryan Specialty during the 3rd quarter valued at $2,537,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Up 1.5 %

Shares of Ryan Specialty stock opened at $70.03 on Friday. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 101.50, a PEG ratio of 1.19 and a beta of 0.72. The business’s 50 day simple moving average is $65.90 and its 200-day simple moving average is $67.37. 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 Holdings, Inc. has a twelve month low of $48.20 and a twelve month high of $75.97.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The firm had revenue of $663.53 million for the quarter, compared to the consensus estimate of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. Equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, March 4th. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s payout ratio is 69.57%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RYAN. Keefe, Bruyette & Woods dropped their price objective on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Barclays boosted their target price on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley started coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price objective for the company. Royal Bank of Canada reduced their target price on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $75.27.

Insider Activity

In other news, Director Nicholas Dominic Cortezi sold 35,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the transaction, the director now directly owns 60,200 shares of the company’s stock, valued at approximately $4,015,942. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 316,451 shares of company stock valued at $20,907,793. Insiders own 11.10% of the company’s stock.

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.