Sone Capital Management LLC Invests $8.30 Million in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Sone Capital Management LLC bought a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 129,412 shares of the company's stock, valued at approximately $8,303,000.

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

Insider Buying and Selling

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm'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 filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is owned by insiders.

Ryan Specialty Trading Down 0.0%

Shares of RYAN stock traded down $0.03 during mid-day trading on Friday, reaching $68.69. The stock had a trading volume of 548,694 shares, compared to its average volume of 982,781. The stock's 50-day moving average price is $70.10 and its two-hundred day moving average price is $68.79. Ryan Specialty Holdings, Inc. has a 52-week low of $52.34 and a 52-week high of $77.16. The firm has a market capitalization of $18.03 billion, a PE ratio of 99.56, a price-to-earnings-growth 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 (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 net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $690.17 million for the quarter, compared to analysts' expectations of $680.80 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. Equities analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, May 13th. Ryan Specialty's payout ratio is currently 141.18%.

Analysts Set New Price Targets

Several equities analysts have commented on RYAN shares. Wells Fargo & Company dropped 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 research report on Thursday, April 10th. TD Cowen started coverage on shares of Ryan Specialty in a research report on Thursday, April 10th. They set a "buy" rating and a $89.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of 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. Barclays reduced their price objective on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, UBS Group boosted their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One investment 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. According to data from MarketBeat.com, Ryan Specialty currently has an average rating of "Moderate Buy" and an average price target of $75.58.

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.