Ryan Specialty Holdings Inc. (NYSE:RYAN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 4.0% in the first quarter, Holdings Channel reports. The fund owned 10,271,428 shares of the company’s stock after purchasing an additional 390,924 shares during the period. Vanguard Group Inc.’s holdings in Ryan Specialty were worth $758,750,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RYAN. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ryan Specialty by 281.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after purchasing an additional 245 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Ryan Specialty in the first quarter valued at about $35,000. Fifth Third Bancorp boosted its stake in Ryan Specialty by 202.5% during the first quarter. Fifth Third Bancorp now owns 484 shares of the company’s stock worth $36,000 after buying an additional 324 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Ryan Specialty during the fourth quarter valued at about $36,000. Finally, GAMMA Investing LLC raised its stake in shares of Ryan Specialty by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock valued at $155,000 after acquiring an additional 376 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the transaction, the executive vice president owned 1,117 shares of the company’s stock, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David P. Bolger sold 5,000 shares of Ryan Specialty stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total value of $354,000.00. Following the transaction, the director directly owned 71,467 shares in the company, valued at approximately $5,059,863.60. This trade represents a 6.54% decrease in their position. The disclosure for this sale can be found here. 52.21% of the stock is owned by insiders.

Ryan Specialty Stock Up 0.9%

RYAN stock opened at $59.60 on Wednesday. The company’s 50 day moving average price is $64.81 and its 200 day moving average price is $67.86. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 170.28, a PEG ratio of 1.70 and a beta of 0.64. Ryan Specialty Holdings Inc. has a fifty-two week low of $55.77 and a fifty-two 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.

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

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. Ryan Specialty’s payout ratio is 137.14%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RYAN. The Goldman Sachs Group raised shares of Ryan Specialty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $74.00 to $81.00 in a research report on Tuesday, May 13th. Cantor Fitzgerald assumed coverage on Ryan Specialty in a report on Tuesday. They issued a “neutral” rating and a $61.00 price objective on the stock. Barclays lowered their target price on Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday, July 7th. UBS Group cut their price target on shares of Ryan Specialty from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Finally, Wells Fargo & Company reduced their price target on shares of Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.18.

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.