Ryan Specialty Holdings Inc. $RYAN Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 8.1% during the second quarter, Holdings Channel.com reports. The fund owned 23,900 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ryan Specialty were worth $1,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in shares of Ryan Specialty in the 1st quarter worth about $26,000. WPG Advisers LLC acquired a new stake in Ryan Specialty during the 1st quarter worth approximately $32,000. Golden State Wealth Management LLC raised its holdings in Ryan Specialty by 10,975.0% in the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after buying an additional 439 shares during the period. Central Pacific Bank Trust Division acquired a new position in Ryan Specialty during the second quarter valued at approximately $31,000. Finally, Quarry LP grew its stake in Ryan Specialty by 977.8% during the first quarter. Quarry LP now owns 582 shares of the company’s stock worth $43,000 after buying an additional 528 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group set a $76.00 target price on shares of Ryan Specialty in a research note on Wednesday. The Goldman Sachs Group cut their price objective on Ryan Specialty from $71.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Morgan Stanley boosted their price objective on Ryan Specialty from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered their target price on Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating for the company in a research note on Thursday, October 9th. Finally, Wells Fargo & Company raised their target price on Ryan Specialty from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.40.

Insider Buying and Selling at Ryan Specialty

In related news, Chairman Patrick G. Ryan purchased 276,634 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average price of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the purchase, the chairman owned 13,699,959 shares in the company, valued at approximately $710,205,874.56. This represents a 2.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 52.21% of the company’s stock.

Ryan Specialty Price Performance

Shares of Ryan Specialty stock opened at $58.12 on Thursday. Ryan Specialty Holdings Inc. has a 1-year low of $50.08 and a 1-year high of $77.16. The company has a market capitalization of $15.33 billion, a PE ratio of 126.35, a P/E/G ratio of 1.63 and a beta of 0.62. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $55.30 and a 200-day moving average of $60.48.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The business had revenue of $754.58 million for the quarter, compared to analysts’ expectations of $742.35 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, November 10th. Ryan Specialty’s dividend payout ratio is 104.35%.

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.