Toth Financial Advisory Corp Makes New $665,000 Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Toth Financial Advisory Corp acquired a new stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,000 shares of the company's stock, valued at approximately $665,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RYAN. Mariner LLC grew its holdings in Ryan Specialty by 3.4% in the 4th quarter. Mariner LLC now owns 5,278 shares of the company's stock worth $339,000 after buying an additional 172 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Ryan Specialty by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 15,690 shares of the company's stock worth $1,045,000 after buying an additional 188 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Ryan Specialty by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company's stock worth $778,000 after buying an additional 190 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Ryan Specialty by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,674 shares of the company's stock worth $236,000 after buying an additional 196 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Ryan Specialty by 5.0% in the 1st quarter. UMB Bank n.a. now owns 5,797 shares of the company's stock worth $428,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Ratings Changes

RYAN has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their price target on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. 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 initiated coverage on Ryan Specialty in a research note on Thursday, April 10th. They set a "buy" rating and a $89.00 price target for the company. Morgan Stanley increased their price target on Ryan Specialty from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group raised Ryan Specialty from a "neutral" rating to a "buy" rating and increased their price target for the company from $74.00 to $81.00 in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.58.

Insider Transactions at Ryan Specialty

In other news, Director David P. Bolger sold 5,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the sale, the director now owns 71,467 shares of the company's stock, valued at $5,059,863.60. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 52.21% of the stock is currently owned by insiders.

Ryan Specialty Price Performance

Shares of NYSE:RYAN traded down $0.40 on Friday, reaching $65.85. 859,058 shares of the company traded hands, compared to its average volume of 993,351. Ryan Specialty Holdings, Inc. has a fifty-two week low of $52.34 and a fifty-two week high of $77.16. The company's 50 day moving average is $69.06 and its 200-day moving average is $68.47. The stock has a market capitalization of $17.28 billion, a PE ratio of 95.44, a P/E/G ratio of 1.19 and a beta of 0.70. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

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 analysts' consensus estimates of $0.39. The company had revenue of $690.17 million during the quarter, compared to the consensus estimate of $680.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The company's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. As a group, analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a $0.12 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. 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.