Ryan Specialty Holdings Inc. (NYSE:RYAN) Stock Position Raised by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. boosted its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,925 shares of the company's stock after purchasing an additional 5,272 shares during the quarter. Ryan Specialty comprises approximately 4.3% of Cooper Investors PTY Ltd.'s portfolio, making the stock its 6th biggest holding. Cooper Investors PTY Ltd. owned approximately 0.14% of Ryan Specialty worth $26,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RYAN. Rakuten Securities Inc. purchased a new position in shares of Ryan Specialty during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Ryan Specialty during the fourth quarter worth approximately $36,000. Fifth Third Bancorp raised its stake in shares of Ryan Specialty by 202.5% during the first quarter. Fifth Third Bancorp now owns 484 shares of the company's stock worth $36,000 after acquiring an additional 324 shares in the last quarter. Principal Securities Inc. raised 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 worth $43,000 after acquiring an additional 415 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in shares of Ryan Specialty during the fourth quarter worth approximately $49,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark Stephen Katz sold 14,377 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $65.84, for a total transaction of $946,581.68. Following the sale, the executive vice president now owns 1,117 shares in the company, valued at approximately $73,543.28. The trade was a 92.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $354,000.00. Following the sale, the director now owns 71,467 shares in the company, valued at approximately $5,059,863.60. This trade represents a 6.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 52.21% of the company's stock.

Analysts Set New Price Targets

RYAN has been the topic of several research reports. Keefe, Bruyette & Woods decreased 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 note on Wednesday, April 9th. 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 target price on the stock. Barclays cut their target price on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and raised their target price for the stock from $74.00 to $81.00 in a report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their target price on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.58.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $68.65 on Tuesday. The stock has a market cap of $18.02 billion, a P/E ratio of 201.91, a price-to-earnings-growth ratio of 1.79 and a beta of 0.70. The firm's fifty day simple moving average is $68.53 and its 200 day simple moving average is $68.08. Ryan Specialty Holdings Inc. has a twelve month low of $55.67 and a twelve month high of $77.16. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.45.

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 for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $690.17 million for the quarter, compared to analysts' expectations of $680.80 million. Ryan Specialty had a net margin of 6.97% and a return on equity of 47.70%. The firm's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. As a group, research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 13th. Ryan Specialty's dividend payout ratio (DPR) is presently 141.18%.

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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