Virtu Financial LLC Buys New Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Virtu Financial LLC purchased a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,574 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Ryan Specialty by 12.5% in the third quarter. HighTower Advisors LLC now owns 9,258 shares of the company’s stock valued at $449,000 after buying an additional 1,030 shares in the last quarter. UBS Group AG grew its position in Ryan Specialty by 134.9% in the third quarter. UBS Group AG now owns 138,413 shares of the company’s stock valued at $6,699,000 after acquiring an additional 79,478 shares in the last quarter. Citigroup Inc. raised its stake in shares of Ryan Specialty by 34.5% during the third quarter. Citigroup Inc. now owns 10,095 shares of the company’s stock valued at $489,000 after purchasing an additional 2,587 shares during the period. Rhumbline Advisers lifted its position in shares of Ryan Specialty by 1.6% during the third quarter. Rhumbline Advisers now owns 118,510 shares of the company’s stock worth $5,736,000 after purchasing an additional 1,832 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Ryan Specialty by 192.0% in the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after purchasing an additional 361 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Stock Up 2.7 %

RYAN stock opened at $55.36 on Friday. The firm has a fifty day moving average price of $52.87 and a two-hundred day moving average price of $49.16. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. Ryan Specialty Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $57.09. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 104.45, a PEG ratio of 1.40 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 45.87%. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $549.06 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Ryan Specialty’s quarterly revenue was up 20.6% on a year-over-year basis. Research analysts predict that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were given a dividend of $0.11 per share. The ex-dividend date was Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Ryan Specialty’s dividend payout ratio is currently 83.02%.

Analyst Upgrades and Downgrades

RYAN has been the topic of a number of recent analyst reports. Wolfe Research lowered shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Monday, May 6th. Wells Fargo & Company boosted their price target on Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research report on Monday, April 15th. Finally, Bank of America began coverage on shares of Ryan Specialty in a research report on Wednesday, May 22nd. They set a “buy” rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ryan Specialty has a consensus rating of “Hold” and a consensus price target of $55.67.

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.