OMERS ADMINISTRATION Corp Takes $892,000 Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

OMERS ADMINISTRATION Corp bought a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,900 shares of the company's stock, valued at approximately $892,000.

A number of other large investors also recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new position in Ryan Specialty in the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in Ryan Specialty in the fourth quarter valued at approximately $36,000. Principal Securities Inc. lifted 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 during the period. Mizuho Bank Ltd. acquired a new position in Ryan Specialty in the fourth quarter valued at approximately $49,000. Finally, Headlands Technologies LLC lifted 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 during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryan Specialty

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RYAN has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley upped their target price on shares of Ryan Specialty from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday. TD Cowen started coverage on shares of Ryan Specialty in a research note on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. Royal Bank of Canada lowered 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 research note on Friday, February 21st. Finally, Wells Fargo & Company lowered 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 research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.58.

Ryan Specialty Stock Down 0.0%

Ryan Specialty stock traded down $0.03 during mid-day trading on Friday, reaching $68.69. The company's stock had a trading volume of 548,694 shares, compared to its average volume of 982,781. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of 99.56, 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 $70.10 and its 200 day simple moving average is $68.79. 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 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 firm's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. As a group, research analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, May 13th. Ryan Specialty's dividend payout ratio (DPR) is currently 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.