Hsbc Holdings PLC Buys 528 Shares of Ryan Specialty Holdings Inc. $RYAN

Hsbc Holdings PLC boosted its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 14.4% in the first quarter, HoldingsChannel reports. The firm owned 4,182 shares of the company’s stock after acquiring an additional 528 shares during the period. Hsbc Holdings PLC’s holdings in Ryan Specialty were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Liontrust Investment Partners LLP bought a new stake in Ryan Specialty in the first quarter valued at about $758,000. Lord Abbett & CO. LLC bought a new stake in shares of Ryan Specialty in the first quarter worth about $27,928,000. LGT Group Foundation bought a new stake in shares of Ryan Specialty in the first quarter worth about $1,463,000. Russell Investments Group Ltd. increased its holdings in shares of Ryan Specialty by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 13,642 shares of the company’s stock worth $1,008,000 after acquiring an additional 569 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Ryan Specialty in the first quarter worth about $26,739,000. Institutional investors own 84.82% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark Stephen Katz sold 14,377 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the completion of the sale, the executive vice president directly owned 1,117 shares of the company’s stock, valued at $73,543.28. This trade represents a 92.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 52.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RYAN. Morgan Stanley lowered their price target on Ryan Specialty from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Citigroup began coverage on Ryan Specialty in a report on Wednesday, August 13th. They issued a “buy” rating and a $74.00 price target for the company. Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Wells Fargo & Company lowered their price target on Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Barclays dropped their target price on Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.83.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $55.01 on Thursday. The stock has a 50 day moving average price of $61.93 and a 200 day moving average price of $66.84. Ryan Specialty Holdings Inc. has a 52 week low of $54.95 and a 52 week high of $77.16. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $14.51 billion, a PE ratio of 157.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The firm had revenue of $855.17 million during the quarter, compared to analysts’ expectations of $837.52 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Analysts predict that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.48 annualized dividend and a yield of 0.9%. Ryan Specialty’s dividend payout ratio is 137.14%.

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.