Natixis Advisors LLC Sells 5,688 Shares of Ryan Specialty Holdings Inc. (NYSE:RYAN)

Key Points

• Natixis Advisors LLC has reduced its stake in Ryan Specialty Holdings Inc. by 9.5%, selling 5,688 shares during the first quarter, leaving them with a total of 53,961 shares valued at approximately $3.99 million.
• Principal Financial Group Inc. has significantly increased its holdings in Ryan Specialty by 66.4%, acquiring an additional 1,218,147 shares for a total value of $225.4 million.
• Ryan Specialty announced a quarterly dividend of $0.12 per share, equating to an annualized dividend yield of 0.8%, with the ex-dividend date set for August 12th.

Natixis Advisors LLC reduced its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,961 shares of the company's stock after selling 5,688 shares during the period. Natixis Advisors LLC's holdings in Ryan Specialty were worth $3,986,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in Ryan Specialty by 2.5% during the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company's stock worth $210,651,000 after purchasing an additional 79,976 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ryan Specialty by 66.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock valued at $225,404,000 after acquiring an additional 1,218,147 shares in the last quarter. Geode Capital Management LLC boosted its position in Ryan Specialty by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company's stock worth $115,468,000 after purchasing an additional 46,960 shares during the period. Barclays PLC increased its holdings in Ryan Specialty by 3.0% in the 4th quarter. Barclays PLC now owns 1,690,279 shares of the company's stock valued at $108,449,000 after purchasing an additional 48,536 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Ryan Specialty by 2.2% in the first quarter. Stephens Investment Management Group LLC now owns 1,642,527 shares of the company's stock worth $121,333,000 after buying an additional 34,932 shares during the period. Hedge funds and other institutional investors own 84.82% of the company's stock.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $65.84, for a total value of $946,581.68. Following the transaction, the executive vice president owned 1,117 shares in the company, valued at approximately $73,543.28. This represents a 92.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David P. Bolger sold 5,000 shares of Ryan Specialty stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total transaction of $354,000.00. Following the sale, the director directly owned 71,467 shares of the company's stock, valued at $5,059,863.60. This trade represents a 6.54% decrease in their position. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RYAN shares. The Goldman Sachs Group raised shares of Ryan Specialty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $74.00 to $81.00 in a research report on Tuesday, May 13th. TD Cowen initiated coverage on Ryan Specialty in a research note on Thursday, April 10th. They set a "buy" rating and a $89.00 price objective for the company. Wall Street Zen raised Ryan Specialty from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Wells Fargo & Company reduced their price target on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, Barclays decreased their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Ryan Specialty currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.30.

Ryan Specialty Price Performance

Shares of NYSE:RYAN traded down $1.02 on Friday, reaching $58.53. 1,344,980 shares of the company traded hands, compared to its average volume of 1,076,073. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.05. The stock has a market capitalization of $15.36 billion, a PE ratio of 167.23, a P/E/G ratio of 1.66 and a beta of 0.64. The company's 50 day moving average is $65.56 and its 200-day moving average is $67.96. Ryan Specialty Holdings Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $77.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, meeting analysts' consensus estimates of $0.66. The business had revenue of $855.17 million during the quarter, compared to analyst estimates of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%. Ryan Specialty's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS. As a group, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 12th. Ryan Specialty's dividend payout ratio is 137.14%.

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.