XTX Topco Ltd Decreases Stake in Ryan Specialty Holdings Inc. (NYSE:RYAN)

Key Points

• XTX Topco Ltd has reduced its stake in Ryan Specialty Holdings Inc. by 67.2%, selling 12,786 shares and now holding 6,247 shares worth approximately $461,000.
• Ryan Specialty reported a quarterly earnings per share (EPS) of $0.66 for the last quarter, matching analyst estimates, with revenue rising 23% year-over-year to $855.17 million.
• The company has announced a quarterly dividend of $0.12 per share, which will be paid to shareholders on August 26th, representing an annualized yield of 0.8%.

XTX Topco Ltd trimmed its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 67.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,247 shares of the company's stock after selling 12,786 shares during the quarter. XTX Topco Ltd's holdings in Ryan Specialty were worth $461,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ryan Specialty by 281.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock valued at $25,000 after buying an additional 245 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Ryan Specialty during the first quarter worth about $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Ryan Specialty in the 4th quarter worth about $36,000. Fifth Third Bancorp lifted its position in Ryan Specialty by 202.5% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the company's stock valued at $36,000 after acquiring an additional 324 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Ryan Specialty by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock valued at $155,000 after acquiring an additional 376 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryan Specialty

In related news, Director David P. Bolger sold 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 71,467 shares in the company, valued at approximately $5,059,863.60. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Stephen Katz sold 14,377 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $65.84, for a total value of $946,581.68. Following the completion of the sale, the executive vice president owned 1,117 shares in the company, valued at approximately $73,543.28. The trade was a 92.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 52.21% of the company's stock.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock traded down $1.02 during trading hours on Friday, hitting $58.53. 1,344,980 shares of the company's stock traded hands, compared to its average volume of 1,485,492. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 167.23, a PEG ratio of 1.69 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 12-month low of $55.77 and a 12-month high of $77.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.05. The company has a fifty day simple moving average of $65.30 and a 200-day simple moving average of $67.92.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The company had revenue of $855.17 million during the quarter, compared to analyst estimates of $837.52 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. Equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Ryan Specialty's dividend payout ratio (DPR) is presently 137.14%.

Analyst Ratings Changes

RYAN has been the subject of a number of recent research reports. Barclays decreased their price objective on Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Monday, July 7th. The Goldman Sachs Group upgraded Ryan Specialty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $74.00 to $81.00 in a report on Tuesday, May 13th. UBS Group lowered their price target on Ryan Specialty from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Wall Street Zen raised shares of Ryan Specialty from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Ryan Specialty from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.30.

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.