Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock Holdings Lessened by Tidal Investments LLC

Tidal Investments LLC lessened its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,639 shares of the company's stock after selling 5,616 shares during the quarter. Tidal Investments LLC's holdings in Ryan Specialty were worth $426,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of Ryan Specialty in the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new stake in Ryan Specialty during the 4th quarter worth approximately $36,000. Principal Securities Inc. boosted its stake in shares of 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 buying an additional 415 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Ryan Specialty during the fourth quarter worth approximately $49,000. Finally, Headlands Technologies LLC increased its stake in shares of 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 buying an additional 767 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group increased their price objective on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Barclays decreased their price target on Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. TD Cowen started coverage on Ryan Specialty in a report on Thursday, April 10th. They set a "buy" rating and a $89.00 target price on the stock. Morgan Stanley lifted their target price on Ryan Specialty from $78.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lowered their price target on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Ryan Specialty currently has an average rating of "Moderate Buy" and an average price target of $75.58.

Ryan Specialty Stock Performance

NYSE RYAN traded down $1.20 during trading hours on Tuesday, hitting $70.77. The company had a trading volume of 113,616 shares, compared to its average volume of 982,924. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The firm has a market cap of $18.57 billion, a P/E ratio of 102.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. Ryan Specialty Holdings, Inc. has a fifty-two week low of $52.34 and a fifty-two week high of $77.16. The business has a fifty day simple moving average of $69.91 and a 200-day simple moving average of $68.72.

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 for the quarter, hitting analysts' consensus estimates 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 9.14% and a return on equity of 48.01%. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Equities analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty's dividend payout ratio is currently 141.18%.

Insiders Place Their Bets

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 52.21% of the stock is owned by insiders.

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.