Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. increased its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 164.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 667 shares of the company’s stock after purchasing an additional 415 shares during the quarter. Principal Securities Inc.’s holdings in Ryan Specialty were worth $43,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Ryan Specialty by 1.5% during the third quarter. State Street Corp now owns 3,273,093 shares of the company’s stock worth $217,301,000 after purchasing an additional 49,198 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Ryan Specialty by 0.4% in the third quarter. Janus Henderson Group PLC now owns 3,148,916 shares of the company’s stock valued at $209,058,000 after acquiring an additional 13,986 shares during the period. Barclays PLC grew its position in shares of Ryan Specialty by 1.1% during the third quarter. Barclays PLC now owns 1,641,743 shares of the company’s stock worth $108,994,000 after acquiring an additional 17,267 shares during the last quarter. Eagle Asset Management Inc. raised its position in Ryan Specialty by 32.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,380,510 shares of the company’s stock valued at $98,555,000 after purchasing an additional 335,180 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Ryan Specialty by 0.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,235,114 shares of the company’s stock worth $79,245,000 after purchasing an additional 4,907 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nicholas Dominic Cortezi sold 31,409 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total transaction of $2,061,686.76. Following the completion of the transaction, the director now owns 2,697 shares of the company’s stock, valued at $177,031.08. This represents a 92.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 316,451 shares of company stock valued at $20,907,793. Company insiders own 11.10% of the company’s stock.

Analysts Set New Price Targets

RYAN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Morgan Stanley started coverage on Ryan Specialty in a research report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target on the stock. Wells Fargo & Company increased their price objective on Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Barclays boosted their target price on Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, UBS Group upped their price objective on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $75.27.

Ryan Specialty Stock Performance

NYSE RYAN opened at $70.03 on Friday. Ryan Specialty Holdings, Inc. has a 1-year low of $48.20 and a 1-year high of $75.97. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average price of $65.90 and a 200 day moving average price of $67.37. The company has a market capitalization of $18.34 billion, a P/E ratio of 101.50, a PEG ratio of 1.19 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $663.53 million for the quarter, compared to analyst estimates of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. Sell-side analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.48 dividend on an annualized basis and a yield of 0.69%. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio (DPR) is 69.57%.

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.