BNP Paribas Financial Markets Buys New Shares in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

BNP Paribas Financial Markets bought a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 62,162 shares of the company’s stock, valued at approximately $3,988,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Ryan Specialty by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company’s stock valued at $633,933,000 after acquiring an additional 529,631 shares during the last quarter. Bessemer Group Inc. increased its position in Ryan Specialty by 2.5% during the fourth quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company’s stock worth $210,651,000 after buying an additional 79,976 shares during the last quarter. Blair William & Co. IL increased its position in Ryan Specialty by 0.6% during the fourth quarter. Blair William & Co. IL now owns 2,765,963 shares of the company’s stock worth $177,464,000 after buying an additional 16,540 shares during the last quarter. Principal Financial Group Inc. increased its position in Ryan Specialty by 115.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,833,209 shares of the company’s stock worth $117,619,000 after buying an additional 981,505 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Ryan Specialty by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company’s stock worth $115,468,000 after buying an additional 46,960 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was 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 SEC, which is available at this link. Company insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAN has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Ryan Specialty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $74.00 to $81.00 in a research report on Tuesday. UBS Group boosted their price target on Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. TD Cowen initiated coverage on Ryan Specialty in a research report on Thursday, April 10th. They set a “buy” rating and a $89.00 price target on the stock. Barclays lowered their price target on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their target price on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $76.42.

Ryan Specialty Trading Up 0.3%

Shares of RYAN stock opened at $68.39 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock has a market cap of $17.91 billion, a P/E ratio of 99.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. The stock has a 50 day simple moving average of $70.09 and a 200 day simple moving average of $68.72. Ryan Specialty Holdings, Inc. has a 1 year low of $52.34 and a 1 year high of $77.16.

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

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Tuesday, May 13th. Ryan Specialty’s dividend payout ratio is presently 141.18%.

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.