Two Sigma Investments LP Has $13.14 Million Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Two Sigma Investments LP increased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 114.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,817 shares of the company's stock after acquiring an additional 109,522 shares during the period. Two Sigma Investments LP owned about 0.08% of Ryan Specialty worth $13,141,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mariner LLC lifted its holdings in shares of Ryan Specialty by 3.4% in the fourth quarter. Mariner LLC now owns 5,278 shares of the company's stock valued at $339,000 after purchasing an additional 172 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Ryan Specialty by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 15,690 shares of the company's stock valued at $1,045,000 after acquiring an additional 188 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Ryan Specialty by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company's stock valued at $778,000 after acquiring an additional 190 shares in the last quarter. CIBC Asset Management Inc boosted its position in Ryan Specialty by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,674 shares of the company's stock worth $236,000 after acquiring an additional 196 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Ryan Specialty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 44,990 shares of the company's stock worth $2,887,000 after acquiring an additional 280 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

Insider Transactions at Ryan Specialty

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 52.21% of the stock is owned by corporate insiders.

Ryan Specialty Stock Performance

RYAN stock traded up $1.51 during midday trading on Tuesday, reaching $70.16. 849,755 shares of the company were exchanged, compared to its average volume of 985,071. Ryan Specialty Holdings, Inc. has a one year low of $52.34 and a one year high of $77.16. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 101.68, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. The business has a 50-day moving average price of $70.04 and a two-hundred day moving average price of $68.75. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.39 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 net margin of 9.14% and a return on equity of 48.01%. Ryan Specialty's revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Ryan Specialty's payout ratio is 141.18%.

Wall Street Analyst Weigh In

RYAN has been the topic of a number of research 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 research report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. TD Cowen initiated coverage on Ryan Specialty in a research report on Thursday, April 10th. They set a "buy" rating and a $89.00 price target for the company. Morgan Stanley boosted their price target on Ryan Specialty from $78.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group raised Ryan Specialty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.58.

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.