Signaturefd LLC Grows Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Signaturefd LLC boosted its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,347 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Signaturefd LLC’s holdings in Ryan Specialty were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Ryan Specialty by 96.4% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after purchasing an additional 297 shares during the period. Crewe Advisors LLC bought a new stake in Ryan Specialty during the 2nd quarter valued at $39,000. Rothschild Investment LLC bought a new stake in Ryan Specialty during the 2nd quarter valued at $87,000. RiverPark Advisors LLC boosted its position in Ryan Specialty by 360.6% during the 1st quarter. RiverPark Advisors LLC now owns 2,773 shares of the company’s stock valued at $154,000 after acquiring an additional 2,171 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Ryan Specialty by 1,688.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,844 shares of the company’s stock valued at $165,000 after acquiring an additional 2,685 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryan Specialty

In related news, President Timothy William Turner sold 2,000,000 shares of Ryan Specialty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the completion of the transaction, the president now owns 8,095 shares in the company, valued at $505,532.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Timothy William Turner sold 2,000,000 shares of Ryan Specialty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the sale, the president now directly owns 8,095 shares in the company, valued at approximately $505,532.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 1,500 shares of Ryan Specialty stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.02, for a total value of $97,530.00. Following the completion of the sale, the director now owns 25,123 shares in the company, valued at approximately $1,633,497.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,107,136 shares of company stock worth $131,860,032 in the last 90 days. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RYAN shares. BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and increased their target price for the company from $65.00 to $75.00 in a research report on Tuesday, September 24th. UBS Group raised their price objective on Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective on Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their target price on Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Bank of America raised their target price on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ryan Specialty has an average rating of “Hold” and a consensus target price of $70.33.

Ryan Specialty Stock Performance

NYSE RYAN opened at $69.75 on Tuesday. The stock has a 50-day simple moving average of $66.79 and a two-hundred day simple moving average of $60.05. The firm has a market capitalization of $18.23 billion, a P/E ratio of 108.98, a PEG ratio of 1.55 and a beta of 0.62. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $73.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.09 and a current ratio of 1.09.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The firm had revenue of $695.40 million during the quarter, compared to analyst estimates of $695.56 million. During the same quarter in the previous year, the business earned $0.45 EPS. Ryan Specialty’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities analysts forecast that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.11 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.63%. Ryan Specialty’s dividend payout ratio is presently 68.75%.

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.