OMERS ADMINISTRATION Corp Makes New Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

OMERS ADMINISTRATION Corp purchased a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,900 shares of the company's stock, valued at approximately $892,000.

Several other large investors also recently made changes to their positions in RYAN. Rakuten Securities Inc. bought a new stake in Ryan Specialty in the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Ryan Specialty in the fourth quarter valued at about $36,000. Principal Securities Inc. boosted its position in shares of Ryan Specialty by 164.7% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after buying an additional 415 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of Ryan Specialty during the fourth quarter worth about $49,000. Finally, Headlands Technologies LLC grew its holdings in shares of Ryan Specialty by 2,644.8% during the fourth quarter. Headlands Technologies LLC now owns 796 shares of the company's stock worth $51,000 after buying an additional 767 shares in the last quarter. Institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RYAN shares. The Goldman Sachs Group upgraded Ryan Specialty from a "neutral" rating to a "buy" rating and boosted their target price for the company from $74.00 to $81.00 in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods lowered 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. Wells Fargo & Company reduced 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. Barclays decreased their target price on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley boosted their price target on shares of Ryan Specialty from $78.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.58.

Ryan Specialty Stock Performance

NYSE RYAN traded down $1.70 on Wednesday, hitting $68.89. 970,798 shares of the stock were exchanged, compared to its average volume of 980,676. The company has a market capitalization of $18.08 billion, a PE ratio of 99.84, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The business's fifty day moving average is $70.22 and its 200 day moving average is $68.78. Ryan Specialty Holdings, Inc. has a 52 week low of $52.34 and a 52 week high of $77.16.

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

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.12 per share. 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 presently 141.18%.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.10% 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.