Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 352,516 shares of the company's stock after purchasing an additional 63,741 shares during the quarter. Nuveen Asset Management LLC owned 0.13% of Ryan Specialty worth $22,617,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Ryan Specialty during the fourth quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Ryan Specialty during the fourth quarter worth $36,000. Principal Securities Inc. lifted its holdings 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 purchasing an additional 415 shares during the period. Mizuho Bank Ltd. acquired a new stake in shares of Ryan Specialty during the fourth quarter worth $49,000. Finally, Headlands Technologies LLC lifted 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 purchasing an additional 767 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RYAN shares. The Goldman Sachs Group raised Ryan Specialty from a "neutral" rating to a "buy" rating and raised their target price for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. Morgan Stanley raised their target price on Ryan Specialty from $78.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Barclays reduced their target price on Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their target price on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada reduced their target price on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $75.58.

Ryan Specialty Price Performance

Shares of NYSE:RYAN traded up $1.51 during midday trading on Tuesday, hitting $70.16. 849,755 shares of the stock were exchanged, compared to its average volume of 985,071. The stock has a market cap of $18.41 billion, a P/E ratio of 101.68, a PEG ratio of 1.19 and a beta of 0.68. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a twelve month low of $52.34 and a twelve month high of $77.16. The company has a 50 day moving average price of $70.04 and a 200-day moving average price of $68.75.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 48.01% and a net margin of 9.14%. The business's revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. On average, research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 0.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Ryan Specialty's dividend payout ratio is presently 141.18%.

Insider Buying and Selling

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 52.21% of the stock is currently owned by company insiders.

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.