Kayne Anderson Rudnick Investment Management LLC Has $273.39 Million Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,261,089 shares of the company's stock after selling 2,859,347 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 1.63% of Ryan Specialty worth $273,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Ryan Specialty in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Ryan Specialty in the fourth quarter worth about $36,000. Principal Securities Inc. lifted its holdings in shares of Ryan Specialty by 164.7% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after acquiring an additional 415 shares during the last quarter. Mizuho Bank Ltd. bought a new position in shares of Ryan Specialty in the fourth quarter worth about $49,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Ryan Specialty by 2,644.8% in the fourth quarter. Headlands Technologies LLC now owns 796 shares of the company's stock worth $51,000 after acquiring an additional 767 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

RYAN has been the subject of a number of research reports. UBS Group increased their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Barclays dropped their target price on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Royal Bank of Canada dropped their target price on shares of Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Wells Fargo & Company dropped their target price on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, TD Cowen initiated coverage on shares of Ryan Specialty in a report on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.58.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 52.21% of the company's stock.

Ryan Specialty Trading Down 1.5%

Shares of Ryan Specialty stock traded down $1.08 on Wednesday, hitting $69.16. The stock had a trading volume of 643,601 shares, compared to its average volume of 986,046. The stock has a 50 day moving average of $70.01 and a 200 day moving average of $68.76. Ryan Specialty Holdings, Inc. has a twelve month low of $52.34 and a twelve month high of $77.16. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $18.15 billion, a P/E ratio of 100.23, a PEG ratio of 1.19 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. The business had revenue of $690.17 million during the quarter, compared to the consensus estimate of $680.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. Sell-side analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 13th. Ryan Specialty's dividend payout ratio is presently 141.18%.

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.