Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock Holdings Lowered by Zimmer Partners LP

Zimmer Partners LP reduced its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,700,000 shares of the company's stock after selling 377,993 shares during the quarter. Ryan Specialty accounts for approximately 4.1% of Zimmer Partners LP's holdings, making the stock its 7th largest holding. Zimmer Partners LP owned about 1.41% of Ryan Specialty worth $237,392,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in Ryan Specialty during the 4th quarter valued at approximately $27,000. Kapitalo Investimentos Ltda acquired a new stake in Ryan Specialty during the 4th quarter valued at approximately $36,000. Principal Securities Inc. grew its stake in Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after purchasing an additional 415 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in Ryan Specialty during the 4th quarter valued at approximately $49,000. Finally, Headlands Technologies LLC grew its stake in Ryan Specialty by 2,644.8% during the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after purchasing an additional 767 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Ryan Specialty Trading Down 0.7%

NYSE:RYAN opened at $70.20 on Tuesday. Ryan Specialty Holdings, Inc. has a 12-month low of $52.34 and a 12-month high of $77.16. The firm has a market capitalization of $18.42 billion, a P/E ratio of 101.74, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $70.18 and a 200 day simple moving average of $68.77.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released 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 analyst estimates of $680.80 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. Equities research analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

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. The ex-dividend date is Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.68%. Ryan Specialty's dividend payout ratio is currently 141.18%.

Wall Street Analysts Forecast Growth

RYAN has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Ryan Specialty from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday. TD Cowen started coverage on Ryan Specialty in a research report on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. Keefe, Bruyette & Woods decreased their target price on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays decreased their target price on Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, The Goldman Sachs Group upgraded Ryan Specialty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $74.00 to $81.00 in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.58.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty 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 at this hyperlink. Insiders own 11.10% of the company's stock.

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.

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