Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock Position Increased by Bar Harbor Wealth Management

Bar Harbor Wealth Management increased its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,871 shares of the company’s stock after purchasing an additional 9,482 shares during the quarter. Bar Harbor Wealth Management’s holdings in Ryan Specialty were worth $10,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Ryan Specialty by 148.9% in the 3rd quarter. Principal Financial Group Inc. now owns 851,704 shares of the company’s stock worth $56,545,000 after purchasing an additional 509,548 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Ryan Specialty by 60.2% in the third quarter. Jennison Associates LLC now owns 1,025,063 shares of the company’s stock valued at $68,054,000 after buying an additional 385,366 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Ryan Specialty by 32.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,380,510 shares of the company’s stock valued at $98,555,000 after acquiring an additional 335,180 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryan Specialty by 43.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 938,187 shares of the company’s stock worth $62,286,000 after acquiring an additional 286,380 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Ryan Specialty in the 2nd quarter worth $16,313,000. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Up 3.8 %

NYSE:RYAN traded up $2.40 during trading hours on Monday, reaching $64.90. The company’s stock had a trading volume of 1,419,911 shares, compared to its average volume of 1,139,529. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 84.29, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a one year low of $42.21 and a one year high of $75.97. The business’s 50-day moving average is $68.30 and its 200-day moving average is $65.69.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. Equities research analysts predict that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued 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 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is presently 57.14%.

Insiders Place Their Bets

In other news, Director Nicholas Dominic Cortezi sold 35,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.39, for a total transaction of $2,358,650.00. Following the completion of the transaction, the director now owns 65,100 shares of the company’s stock, valued at approximately $4,387,089. This represents a 34.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total value 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. This trade represents a 54.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,936 shares of company stock valued at $8,536,282 in the last quarter. Insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RYAN. The Goldman Sachs Group increased their price target on Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Barclays boosted their target price on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and upped their target price for the company from $65.00 to $75.00 in a report on Tuesday, September 24th. Keefe, Bruyette & Woods decreased their price target on shares of Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Friday. Finally, Bank of America boosted their price objective on shares of Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ryan Specialty has a consensus rating of “Hold” and a consensus target price of $75.00.

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.