Wallace Advisory Group LLC Decreases Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Wallace Advisory Group LLC lowered its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 44.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,570 shares of the company's stock after selling 3,731 shares during the quarter. Wallace Advisory Group LLC's holdings in Ryan Specialty were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mariner LLC lifted 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 purchasing an additional 172 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Ryan Specialty by 1.2% in the fourth 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 lifted its holdings in shares of Ryan Specialty by 1.6% in the fourth 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 boosted its position in shares of Ryan Specialty by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,674 shares of the company's stock worth $236,000 after acquiring an additional 196 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Ryan Specialty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 44,990 shares of the company's stock valued at $2,887,000 after acquiring an additional 280 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on RYAN shares. Morgan Stanley boosted 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. TD Cowen began coverage on shares of Ryan Specialty in a research report on Thursday, April 10th. They set a "buy" rating and a $89.00 price objective for the company. 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. The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and upped their target price for the company from $74.00 to $81.00 in a research report on Tuesday, May 13th. Finally, UBS Group boosted their price objective on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.58.

Ryan Specialty Trading Down 1.1%

RYAN traded down $0.82 during trading hours on Tuesday, reaching $71.15. 802,624 shares of the company's stock traded hands, compared to its average volume of 985,597. The firm has a 50-day moving average price of $69.91 and a 200 day moving average price of $68.72. The firm has a market capitalization of $18.67 billion, a PE ratio of 103.12, a PEG ratio of 1.19 and a beta of 0.68. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a 52-week low of $52.34 and a 52-week high of $77.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The firm 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 business's revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty's dividend payout ratio is presently 141.18%.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. 52.21% of the stock is owned by company insiders.

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.