Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock Holdings Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,643 shares of the company’s stock after selling 396 shares during the quarter. Hsbc Holdings PLC’s holdings in Ryan Specialty were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted 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 valued at $404,283,000 after acquiring an additional 198,945 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Ryan Specialty by 28.0% in the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock worth $274,022,000 after buying an additional 1,079,505 shares during the period. Blair William & Co. IL grew its holdings in shares of Ryan Specialty by 3.4% during the second quarter. Blair William & Co. IL now owns 2,866,003 shares of the company’s stock valued at $165,970,000 after buying an additional 94,663 shares in the last quarter. Bessemer Group Inc. raised its position in Ryan Specialty by 33.9% during the first quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company’s stock valued at $106,886,000 after buying an additional 488,067 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Ryan Specialty by 132.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock valued at $48,425,000 after acquiring an additional 476,126 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets upgraded shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. UBS Group upped their price target on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group boosted their target price on Ryan Specialty from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Citigroup boosted their price target on Ryan Specialty from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Barclays initiated coverage on Ryan Specialty in a report on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.78.

Insider Activity at Ryan Specialty

In other news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the transaction, the executive vice president now owns 24,845 shares in the company, valued at approximately $1,619,397.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Timothy William Turner sold 2,000,000 shares of the firm’s stock in a transaction on 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 directly owns 8,095 shares of the company’s stock, valued at $505,532.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the completion of the sale, the executive vice president now directly owns 24,845 shares in the company, valued at $1,619,397.10. This trade represents a 0.00 % decrease in their position. 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 ninety days. 11.10% of the stock is currently owned by insiders.

Ryan Specialty Trading Up 2.7 %

Shares of RYAN stock opened at $72.23 on Friday. Ryan Specialty Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $72.41. The company has a market cap of $18.88 billion, a PE ratio of 136.29, a price-to-earnings-growth ratio of 1.64 and a beta of 0.62. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $64.87 and its two-hundred day moving average is $58.14.

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

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a $0.11 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. 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.