Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Bought by Swiss National Bank

Swiss National Bank grew its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,200 shares of the company’s stock after buying an additional 3,600 shares during the quarter. Swiss National Bank owned about 0.08% of Ryan Specialty worth $12,909,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in shares of Ryan Specialty during the 4th quarter worth $27,000. Assetmark Inc. acquired a new stake in shares of Ryan Specialty in the third quarter valued at about $34,000. Principal Securities Inc. boosted its holdings in Ryan Specialty by 164.7% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after buying an additional 415 shares in the last quarter. Quarry LP grew its position in Ryan Specialty by 109.3% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after buying an additional 422 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in Ryan Specialty by 26.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock valued at $91,000 after buying an additional 286 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ryan Specialty

In other news, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $65.99, for a total value of $2,309,650.00. Following the completion of the sale, the director now owns 35,609 shares in the company, valued at approximately $2,349,837.91. This trade represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 241,451 shares of company stock valued at $16,012,343 over the last 90 days. Corporate insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays boosted their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada decreased their target price 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. Morgan Stanley assumed coverage on Ryan Specialty in a research report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.27.

Ryan Specialty Stock Up 1.2 %

Shares of NYSE RYAN opened at $71.96 on Thursday. The stock has a market capitalization of $18.85 billion, a PE ratio of 104.29, a P/E/G ratio of 1.19 and a beta of 0.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The firm has a fifty day moving average of $67.73 and a 200-day moving average of $67.89. Ryan Specialty Holdings, Inc. has a 52-week low of $48.48 and a 52-week high of $75.97.

Ryan Specialty (NYSE:RYAN) last announced 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 analyst estimates of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. On average, analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.12 per share. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, March 4th. Ryan Specialty’s payout ratio is currently 69.57%.

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.