Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,465,127 shares of the company’s stock after selling 46,909 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.56% of Ryan Specialty worth $81,315,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Ryan Specialty by 17.7% during the third quarter. American Century Companies Inc. now owns 1,624,944 shares of the company’s stock valued at $78,647,000 after buying an additional 244,490 shares during the last quarter. Nebula Research & Development LLC bought a new position in shares of Ryan Specialty in the fourth quarter worth $1,284,000. Seven Eight Capital LP acquired a new position in shares of Ryan Specialty during the fourth quarter valued at $1,075,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Ryan Specialty by 26.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,159,648 shares of the company’s stock valued at $56,127,000 after purchasing an additional 245,827 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in Ryan Specialty by 12.3% in the third quarter. Diversified Trust Co now owns 11,832 shares of the company’s stock worth $573,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ryan Specialty Price Performance

RYAN stock opened at $57.46 on Friday. The firm has a 50-day moving average of $54.53 and a two-hundred day moving average of $50.18. The firm has a market capitalization of $14.97 billion, a PE ratio of 108.42, a P/E/G ratio of 1.49 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.99. Ryan Specialty Holdings, Inc. has a one year low of $41.49 and a one year high of $61.29.

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

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. Ryan Specialty’s dividend payout ratio is 83.02%.

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.