Ryan Specialty Holdings Inc. (NYSE:RYAN) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its position in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,642,527 shares of the company's stock after acquiring an additional 34,932 shares during the period. Ryan Specialty comprises approximately 1.8% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 3rd biggest position. Stephens Investment Management Group LLC owned approximately 0.63% of Ryan Specialty worth $121,333,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Ryan Specialty by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company's stock valued at $633,933,000 after acquiring an additional 529,631 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Ryan Specialty by 2.5% in the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company's stock valued at $210,651,000 after buying an additional 79,976 shares during the period. Principal Financial Group Inc. boosted its position in shares of Ryan Specialty by 66.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock worth $225,404,000 after purchasing an additional 1,218,147 shares during the period. Blair William & Co. IL boosted its position in shares of Ryan Specialty by 0.6% during the 4th quarter. Blair William & Co. IL now owns 2,765,963 shares of the company's stock worth $177,464,000 after purchasing an additional 16,540 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ryan Specialty by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company's stock worth $115,468,000 after purchasing an additional 46,960 shares during the period. Institutional investors and hedge funds own 84.82% of the company's stock.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded down $0.80 during midday trading on Friday, hitting $63.84. The company had a trading volume of 601,707 shares, compared to its average volume of 923,483. 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 Holdings Inc. has a twelve month low of $56.59 and a twelve month high of $77.16. The business has a 50-day simple moving average of $68.08 and a two-hundred day simple moving average of $68.13. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 187.77, a price-to-earnings-growth ratio of 1.70 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ryan Specialty had a net margin of 6.97% and a return on equity of 47.70%. The firm had revenue of $690.17 million during the quarter, compared to analysts' expectations of $680.80 million. During the same quarter last year, the business earned $0.35 earnings per share. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. Equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty's payout ratio is currently 141.18%.

Analyst Ratings Changes

RYAN has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. TD Cowen started coverage on shares of Ryan Specialty in a research report on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price on the stock. The Goldman Sachs Group raised shares of Ryan Specialty from a "neutral" rating to a "buy" rating and increased their target price for the company from $74.00 to $81.00 in a research report on Tuesday, May 13th. Barclays lowered their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Ryan Specialty from $65.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday. One equities 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Director David P. Bolger sold 5,000 shares of Ryan Specialty stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total transaction of $354,000.00. Following the completion of the transaction, the director owned 71,467 shares in the company, valued at approximately $5,059,863.60. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Stephen Katz sold 14,377 shares of Ryan Specialty stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the transaction, the executive vice president owned 1,117 shares of the company's stock, valued at approximately $73,543.28. The trade was a 92.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 52.21% of the company's stock.

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.