Ryan Specialty Holdings Inc. $RYAN Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC significantly reduced its stake in Ryan Specialty Holdings Inc. by selling 27,466 shares, bringing its holdings down to 4,200 shares.
• Ryan Specialty recently reported earnings of $0.66 per share, meeting analyst expectations, with a year-over-year revenue increase of 23.0% to $855.17 million.
• The company has announced a quarterly dividend of $0.12 per share, resulting in a 0.9% dividend yield, though its payout ratio stands at 137.14%.

Jump Financial LLC lowered its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 86.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,200 shares of the company's stock after selling 27,466 shares during the quarter. Jump Financial LLC's holdings in Ryan Specialty were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Ryan Specialty by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock valued at $155,000 after buying an additional 376 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Ryan Specialty by 14.4% in the 1st quarter. Hsbc Holdings PLC now owns 4,182 shares of the company's stock valued at $309,000 after buying an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ryan Specialty by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,215 shares of the company's stock valued at $902,000 after buying an additional 460 shares during the period. Wealth Alliance LLC purchased a new stake in shares of Ryan Specialty in the 1st quarter valued at $303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ryan Specialty in the 1st quarter valued at $1,927,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. The Goldman Sachs Group raised Ryan Specialty from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $74.00 to $81.00 in a research note on Tuesday, May 13th. Wall Street Zen raised Ryan Specialty from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Morgan Stanley lowered their target price on Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Finally, UBS Group lowered their target price on Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ryan Specialty presently has an average rating of "Moderate Buy" and an average target price of $74.83.

Ryan Specialty Stock Down 1.1%

Shares of NYSE:RYAN traded down $0.60 on Friday, hitting $54.37. 1,484,706 shares of the company's stock were exchanged, compared to its average volume of 1,044,229. The firm's 50-day moving average is $61.41 and its 200 day moving average is $66.62. The company has a market capitalization of $14.34 billion, a PE ratio of 155.35, a P/E/G ratio of 1.51 and a beta of 0.63. Ryan Specialty Holdings Inc. has a 1-year low of $53.99 and a 1-year high of $77.16. The company has a debt-to-equity ratio of 2.88, 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, July 31st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $855.17 million during the quarter, compared to analysts' expectations of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The business's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Ryan Specialty's dividend payout ratio is currently 137.14%.

Insider Activity

In other news, EVP Mark Stephen Katz sold 14,377 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the completion of the transaction, the executive vice president directly owned 1,117 shares of the company's stock, valued at approximately $73,543.28. This represents a 92.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 52.21% of the company's stock.

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.