NFJ Investment Group LLC Invests $5.65 Million in Ryan Specialty Holdings Inc. $RYAN

Key Points

• NFJ Investment Group LLC has invested $5.65 million in Ryan Specialty Holdings, acquiring 76,490 shares in the first quarter, indicating significant interest from institutional investors in the firm.
• In the most recent quarter, Ryan Specialty reported earnings per share of $0.66, matching consensus estimates, with a 23% year-over-year revenue growth to $855.17 million.
• Ryan Specialty announced a quarterly dividend of $0.12, reflecting a 0.9% yield, although the company's dividend payout ratio is notably high at 137.14%.

NFJ Investment Group LLC purchased a new stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,490 shares of the company's stock, valued at approximately $5,650,000.

A number of other hedge funds also recently bought and sold shares of RYAN. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock valued at $25,000 after acquiring an additional 245 shares during the period. SVB Wealth LLC bought a new stake in Ryan Specialty during the first quarter valued at about $26,000. WPG Advisers LLC bought a new stake in shares of Ryan Specialty in the first quarter valued at about $32,000. Golden State Wealth Management LLC bought a new stake in shares of Ryan Specialty in the first quarter valued at about $35,000. Finally, Fifth Third Bancorp lifted its stake in shares of Ryan Specialty by 202.5% in the first quarter. Fifth Third Bancorp now owns 484 shares of the company's stock valued at $36,000 after buying an additional 324 shares during the period. 84.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the firm'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 directly owned 1,117 shares of the company's stock, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Ryan Specialty in a research note on Wednesday, August 13th. They issued a "buy" rating and a $74.00 target price for the company. The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and increased their target price for the company from $74.00 to $81.00 in a research note on Tuesday, May 13th. Morgan Stanley reduced their target price on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Wells Fargo & Company reduced their target price on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Barclays reduced their target price on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $74.83.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded down $1.70 during mid-day trading on Wednesday, hitting $50.92. 2,737,432 shares of the stock were exchanged, compared to its average volume of 1,091,463. The company has a market cap of $13.43 billion, a P/E ratio of 145.48, a PEG ratio of 1.50 and a beta of 0.63. The stock's fifty day simple moving average is $60.84 and its two-hundred day simple moving average is $66.43. 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 Holdings Inc. has a twelve month low of $50.08 and a twelve month high of $77.16.

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

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Ryan Specialty's dividend payout ratio (DPR) is currently 137.14%.

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.