Susquehanna International Group LLP Buys 9,393 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Susquehanna International Group LLP boosted its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,593 shares of the company’s stock after buying an additional 9,393 shares during the quarter. Susquehanna International Group LLP’s holdings in Ryan Specialty were worth $2,540,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RYAN. Raymond James Financial Inc. purchased a new stake in shares of Ryan Specialty in the 4th quarter worth approximately $94,484,000. Norges Bank purchased a new stake in Ryan Specialty during the fourth quarter worth $78,358,000. Principal Financial Group Inc. boosted its position in Ryan Specialty by 115.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,833,209 shares of the company’s stock valued at $117,619,000 after acquiring an additional 981,505 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Ryan Specialty by 6,911.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 785,928 shares of the company’s stock valued at $48,036,000 after acquiring an additional 774,718 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Ryan Specialty by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company’s stock worth $633,933,000 after acquiring an additional 529,631 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RYAN. Royal Bank of Canada dropped their price objective on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. TD Cowen started coverage on shares of Ryan Specialty in a research note on Thursday, April 10th. They set a “buy” rating and a $89.00 price objective for the company. UBS Group raised their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price target on Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Barclays lowered their price objective on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.67.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $70.92 on Thursday. The company has a 50 day simple moving average of $70.15 and a two-hundred day simple moving average of $68.72. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 102.79, a PEG ratio of 1.19 and a beta of 0.68. 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 12 month low of $52.02 and a 12 month high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $690.17 million during the quarter, compared to the consensus estimate of $680.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Ryan Specialty’s dividend payout ratio is currently 141.18%.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is owned by company insiders.

Ryan Specialty Company 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.