Quantbot Technologies LP Reduces Holdings in Ryan Specialty Holdings Inc. $RYAN

Key Points

• Quantbot Technologies LP has reduced its stock position in Ryan Specialty Holdings Inc. by 65.4%, now owning approximately 43,678 shares worth about $3.23 million.
• Multiple hedge funds have recently made changes to their stakes in Ryan Specialty, with institutional investors now holding 84.82% of the company's stock.
• Ryan Specialty announced a quarterly dividend of $0.12 per share, representing an annualized yield of 0.8%, with a dividend payout ratio of 137.14%.

Quantbot Technologies LP cut its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 65.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,678 shares of the company's stock after selling 82,576 shares during the quarter. Quantbot Technologies LP's holdings in Ryan Specialty were worth $3,226,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mariner LLC grew its position in Ryan Specialty by 3.4% during the 4th quarter. Mariner LLC now owns 5,278 shares of the company's stock valued at $339,000 after purchasing an additional 172 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Ryan Specialty by 2.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,351 shares of the company's stock valued at $543,000 after acquiring an additional 207 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Ryan Specialty by 281.6% during the 1st 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 last quarter. UMB Bank n.a. boosted its holdings in shares of Ryan Specialty by 5.0% during the 1st quarter. UMB Bank n.a. now owns 5,797 shares of the company's stock valued at $428,000 after acquiring an additional 275 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of Ryan Specialty by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 25,500 shares of the company's stock valued at $1,884,000 after acquiring an additional 300 shares during the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RYAN shares. The Goldman Sachs Group raised shares of Ryan Specialty from a "neutral" rating to a "buy" rating and raised their price target for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. Morgan Stanley dropped their price target on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday. Cantor Fitzgerald upgraded shares of Ryan Specialty to a "hold" rating in a research note on Wednesday, August 13th. Citigroup initiated coverage on shares of Ryan Specialty in a research note on Wednesday, August 13th. They issued a "buy" rating and a $74.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Ryan Specialty from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.83.

Ryan Specialty Price Performance

Shares of Ryan Specialty stock traded down $0.8430 on Friday, hitting $58.9870. 950,971 shares of the company traded hands, compared to its average volume of 1,569,764. The stock has a market capitalization of $15.55 billion, a P/E ratio of 168.54, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64. 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 52 week low of $55.77 and a 52 week high of $77.16. The business has a 50-day simple moving average of $63.60 and a 200 day simple moving average of $67.46.

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

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. Ryan Specialty's payout ratio is currently 137.14%.

Insiders Place Their Bets

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

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.