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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Ryan Specialty by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 10,271,428 shares of the company's stock valued at $758,750,000 after purchasing an additional 390,924 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Ryan Specialty by 66.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock worth $225,404,000 after purchasing an additional 1,218,147 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Ryan Specialty by 0.7% in the 1st quarter. Blair William & Co. IL now owns 2,784,916 shares of the company's stock worth $205,722,000 after acquiring an additional 18,953 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Ryan Specialty by 2.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,642,527 shares of the company's stock worth $121,333,000 after acquiring an additional 34,932 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Ryan Specialty by 121.6% in the 1st quarter. Invesco Ltd. now owns 1,590,862 shares of the company's stock worth $117,517,000 after acquiring an additional 872,846 shares in the last quarter. Institutional investors own 84.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RYAN shares. Cantor Fitzgerald raised shares of Ryan Specialty to a "hold" rating in a research report on Wednesday, August 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, August 18th. 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. Barclays dropped their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $74.83.

Ryan Specialty Stock Performance

NYSE RYAN traded down $0.7340 on Monday, reaching $58.3060. 83,502 shares of the stock were exchanged, compared to its average volume of 1,072,529. Ryan Specialty Holdings Inc. has a one year low of $55.77 and a one year high of $77.16. The firm has a market capitalization of $15.38 billion, a PE ratio of 166.82, a PEG ratio of 1.64 and a beta of 0.64. The company's 50-day simple moving average is $63.60 and its two-hundred day simple moving average is $67.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting 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 the consensus estimate of $837.52 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company's quarterly revenue was up 23.0% compared to the same quarter last year. Analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th. Ryan Specialty's payout ratio is 137.14%.

Insider Buying and Selling at Ryan Specialty

In related news, Director David P. Bolger sold 5,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the sale, the director 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 is accessible through this hyperlink. Also, EVP Mark Stephen Katz sold 14,377 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 1,117 shares in the company, valued at $73,543.28. This represents a 92.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 52.21% of the company's stock.

Ryan Specialty 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.