Townsquare Capital LLC Has $16.25 Million Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Townsquare Capital LLC decreased its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 5.5% during the third quarter, Holdings Channel.com reports. The firm owned 244,715 shares of the company’s stock after selling 14,227 shares during the period. Townsquare Capital LLC’s holdings in Ryan Specialty were worth $16,247,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of Ryan Specialty by 12.3% in the 3rd quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock valued at $89,000 after purchasing an additional 148 shares during the period. UMB Bank n.a. increased its holdings in shares of Ryan Specialty by 5.2% in the 3rd quarter. UMB Bank n.a. now owns 5,224 shares of the company’s stock valued at $347,000 after purchasing an additional 256 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Ryan Specialty by 26.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock valued at $91,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC increased its holdings in shares of Ryan Specialty by 96.4% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after purchasing an additional 297 shares during the period. Finally, Hollencrest Capital Management acquired a new position in shares of Ryan Specialty in the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Transactions at Ryan Specialty

In other news, EVP Mark Stephen Katz sold 14,790 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the sale, the executive vice president now directly owns 12,386 shares in the company, valued at approximately $884,236.54. The trade was a 54.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America increased their price objective on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group increased their price objective on Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their price objective on Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.67.

Ryan Specialty Price Performance

NYSE RYAN opened at $75.10 on Wednesday. The stock has a market capitalization of $19.66 billion, a PE ratio of 97.53, a P/E/G ratio of 1.69 and a beta of 0.62. The stock has a 50-day simple moving average of $69.27 and a 200 day simple moving average of $62.80. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $75.50.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $604.69 million during the quarter, compared to analysts’ expectations of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. Ryan Specialty’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. Research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.44 annualized dividend and a yield of 0.59%. Ryan Specialty’s dividend payout ratio is 57.14%.

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.