Peregrine Capital Management LLC Sells 45,584 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Peregrine Capital Management LLC decreased its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,858 shares of the company's stock after selling 45,584 shares during the quarter. Peregrine Capital Management LLC owned 0.10% of Ryan Specialty worth $11,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. HighTower Advisors LLC grew its stake in Ryan Specialty by 31.5% in the first quarter. HighTower Advisors LLC now owns 9,565 shares of the company's stock valued at $375,000 after purchasing an additional 2,290 shares in the last quarter. Citigroup Inc. grew its stake in Ryan Specialty by 16.9% in the first quarter. Citigroup Inc. now owns 4,744 shares of the company's stock valued at $184,000 after purchasing an additional 685 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Ryan Specialty in the first quarter valued at about $515,000. Dimensional Fund Advisors LP purchased a new position in Ryan Specialty in the first quarter valued at about $380,000. Finally, Vanguard Group Inc. grew its stake in Ryan Specialty by 42.3% in the first quarter. Vanguard Group Inc. now owns 6,747,855 shares of the company's stock valued at $261,749,000 after purchasing an additional 2,006,018 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Ryan Specialty Stock Performance

Shares of NYSE RYAN traded down $0.24 during trading hours on Tuesday, hitting $52.23. 786,289 shares of the company's stock were exchanged, compared to its average volume of 759,268. Ryan Specialty Holdings, Inc. has a 1-year low of $39.44 and a 1-year high of $56.51. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 102.41 and a beta of 0.52. The company's 50-day moving average price is $50.37 and its 200-day moving average price is $46.78.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $532.90 million during the quarter, compared to analysts' expectations of $524.08 million. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. The company's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, sell-side analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently declared a None dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.34 dividend. The ex-dividend date was Tuesday, March 12th. Ryan Specialty's dividend payout ratio (DPR) is 86.28%.

Analyst Ratings Changes

A number of analysts have weighed in on RYAN shares. Keefe, Bruyette & Woods boosted their price target on Ryan Specialty from $55.00 to $56.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on Ryan Specialty from $47.00 to $49.00 and gave the stock an "underweight" rating in a research report on Monday. Finally, Citigroup boosted their price target on Ryan Specialty from $49.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.88.

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.