Janus Henderson Group PLC Sells 717,723 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Janus Henderson Group PLC reduced its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,431,193 shares of the company's stock after selling 717,723 shares during the quarter. Janus Henderson Group PLC owned approximately 0.93% of Ryan Specialty worth $155,985,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Ryan Specialty during the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Ryan Specialty during the 4th quarter worth about $36,000. Principal Securities Inc. boosted its position in shares of Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after purchasing an additional 415 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Ryan Specialty in the 4th quarter valued at about $49,000. Finally, Headlands Technologies LLC increased its position in Ryan Specialty by 2,644.8% in the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after buying an additional 767 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 11.10% of the company's stock.

Ryan Specialty Stock Performance

Ryan Specialty stock traded up $0.80 during midday trading on Friday, reaching $70.67. The stock had a trading volume of 672,673 shares, compared to its average volume of 977,777. The firm has a market capitalization of $18.55 billion, a PE ratio of 102.42, a P/E/G 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. The firm's 50-day moving average price is $70.12 and its 200 day moving average price is $68.72. Ryan Specialty Holdings, Inc. has a 12 month low of $52.34 and a 12 month 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 during the quarter, compared to analyst estimates of $680.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business's revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. As a group, research analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Ryan Specialty's dividend payout ratio is presently 141.18%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen initiated coverage on shares of Ryan Specialty in a research report on Thursday, April 10th. They issued a "buy" rating and a $89.00 price target for the company. Barclays reduced their price objective on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and upped their target price for the stock from $74.00 to $81.00 in a report on Tuesday. Wells Fargo & Company decreased their price objective on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods dropped their target price on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $76.42.

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.