Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 941.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,346 shares of the company's stock after purchasing an additional 97,945 shares during the quarter. Federated Hermes Inc.'s holdings in Ryan Specialty were worth $4,661,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Ryan Specialty by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,198,624 shares of the company's stock valued at $445,213,000 after acquiring an additional 428,165 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Ryan Specialty by 4.7% in the 3rd quarter. Blair William & Co. IL now owns 2,650,891 shares of the company's stock valued at $128,303,000 after acquiring an additional 119,822 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Ryan Specialty by 13.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,799,888 shares of the company's stock valued at $87,115,000 after acquiring an additional 215,952 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Ryan Specialty by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 1,624,944 shares of the company's stock valued at $78,647,000 after acquiring an additional 244,490 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Ryan Specialty by 26.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,512,036 shares of the company's stock valued at $65,048,000 after acquiring an additional 312,066 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

RYAN has been the subject of a number of research analyst reports. JMP Securities reissued a "market perform" rating on shares of Ryan Specialty in a research report on Monday, April 15th. Citigroup upped their target price on Ryan Specialty from $49.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their target price on Ryan Specialty from $47.00 to $49.00 and gave the company an "underweight" rating in a research report on Monday, April 8th. Wells Fargo & Company upped their target price on Ryan Specialty from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on Ryan Specialty from $56.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $54.25.

Ryan Specialty Stock Performance

Ryan Specialty stock traded down $0.88 during mid-day trading on Friday, reaching $48.94. 997,957 shares of the company were exchanged, compared to its average volume of 792,696. Ryan Specialty Holdings, Inc. has a twelve month low of $39.44 and a twelve month high of $56.51. The firm's 50-day simple moving average is $52.09 and its two-hundred day simple moving average is $46.95. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $12.74 billion, a PE ratio of 95.96 and a beta of 0.52.

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

Ryan Specialty Announces Dividend

The firm also recently announced a None dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty's dividend payout ratio (DPR) is 86.28%.

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.