BNP Paribas Financial Markets Invests $3.99 Million in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

BNP Paribas Financial Markets acquired a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 62,162 shares of the company's stock, valued at approximately $3,988,000.

A number of other large investors have also modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in Ryan Specialty in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new position in Ryan Specialty in the fourth quarter valued at about $36,000. Principal Securities Inc. increased its holdings in Ryan Specialty by 164.7% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after buying an additional 415 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in Ryan Specialty in the fourth quarter valued at about $49,000. Finally, Headlands Technologies LLC increased its holdings in Ryan Specialty by 2,644.8% in the fourth quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after buying an additional 767 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lowered their price objective on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. TD Cowen assumed coverage on shares of Ryan Specialty in a research report on Thursday, April 10th. They set a "buy" rating and a $89.00 price target for the company. Morgan Stanley upped their price target on shares of Ryan Specialty from $78.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, The Goldman Sachs Group raised shares of Ryan Specialty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $74.00 to $81.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Ryan Specialty has an average rating of "Moderate Buy" and a consensus target price of $75.58.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.10% of the stock is currently owned by insiders.

Ryan Specialty Stock Up 0.6%

Ryan Specialty stock traded up $0.39 during mid-day trading on Tuesday, reaching $70.72. The company's stock had a trading volume of 32,467 shares, compared to its average volume of 1,038,710. The company has a market capitalization of $18.56 billion, a price-to-earnings ratio of 102.40, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. Ryan Specialty Holdings, Inc. has a 12 month low of $52.34 and a 12 month high of $77.16. The business's 50 day simple moving average is $70.18 and its 200 day simple moving average is $68.77. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $690.17 million for the quarter, compared to analyst estimates of $680.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. Ryan Specialty's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. As a group, research analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Ryan Specialty's dividend payout ratio (DPR) is presently 141.18%.

About Ryan Specialty

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.