Quadrature Capital Ltd Sells 8,789 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Quadrature Capital Ltd lowered its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 64.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,869 shares of the company’s stock after selling 8,789 shares during the period. Quadrature Capital Ltd’s holdings in Ryan Specialty were worth $210,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Ryan Specialty by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 9,397,569 shares of the company’s stock worth $404,283,000 after acquiring an additional 198,945 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Ryan Specialty in the 4th quarter worth approximately $283,000. Nebula Research & Development LLC purchased a new stake in shares of Ryan Specialty in the 4th quarter worth approximately $1,284,000. Seven Eight Capital LP purchased a new stake in shares of Ryan Specialty in the 4th quarter worth approximately $1,075,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Ryan Specialty by 48.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the company’s stock worth $108,000 after buying an additional 814 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RYAN shares. JPMorgan Chase & Co. upped their price target on Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Bank of America assumed coverage on Ryan Specialty in a research note on Wednesday, May 22nd. They set a “buy” rating and a $67.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Wolfe Research downgraded Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company increased their target price on Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ryan Specialty presently has a consensus rating of “Hold” and a consensus price target of $55.67.

Ryan Specialty Stock Performance

RYAN stock opened at $58.45 on Friday. The company has a market cap of $15.22 billion, a P/E ratio of 110.29, a price-to-earnings-growth ratio of 1.53 and a beta of 0.61. Ryan Specialty Holdings, Inc. has a 1 year low of $41.49 and a 1 year high of $61.29. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day moving average price is $53.88 and its 200-day moving average price is $49.71.

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

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.75%. Ryan Specialty’s dividend payout ratio is currently 83.02%.

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.