D. E. Shaw & Co. Inc. Sells 55,949 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

D. E. Shaw & Co. Inc. reduced its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 81.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,911 shares of the company's stock after selling 55,949 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Ryan Specialty were worth $828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Ryan Specialty during the 4th quarter valued at approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Ryan Specialty during the fourth quarter valued at approximately $36,000. Principal Securities Inc. increased its stake in shares of Ryan Specialty by 164.7% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after buying an additional 415 shares during the period. Mizuho Bank Ltd. bought a new position in shares of Ryan Specialty during the fourth quarter valued at approximately $49,000. Finally, Headlands Technologies LLC lifted its stake in Ryan Specialty by 2,644.8% in the fourth quarter. Headlands Technologies LLC now owns 796 shares of the company's stock worth $51,000 after acquiring an additional 767 shares during the period. Institutional investors own 84.82% of the company's stock.

Ryan Specialty Stock Up 1.2%

Shares of RYAN traded up $0.80 during mid-day trading on Thursday, reaching $70.01. The company had a trading volume of 573,471 shares, compared to its average volume of 986,288. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 101.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. The firm has a 50-day moving average price of $69.92 and a 200 day moving average price of $68.75. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business had revenue of $690.17 million during the quarter, compared to analysts' expectations of $680.80 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty's payout ratio is 141.18%.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. 52.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on RYAN. TD Cowen started coverage on shares of Ryan Specialty in a report on Thursday, April 10th. They issued a "buy" rating and a $89.00 price objective for the company. Keefe, Bruyette & Woods reduced their price target 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. Morgan Stanley raised their price objective on shares of Ryan Specialty from $78.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Royal Bank of Canada cut their price objective on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Finally, UBS Group increased their target price on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.