Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 86.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,877 shares of the company's stock after selling 36,441 shares during the period. Raymond James & Associates' holdings in Ryan Specialty were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RYAN. PNC Financial Services Group Inc. lifted its holdings in shares of Ryan Specialty by 192.0% in the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company's stock valued at $27,000 after purchasing an additional 361 shares in the last quarter. Operose Advisors LLC bought a new stake in Ryan Specialty in the 3rd quarter valued at about $92,000. First Horizon Advisors Inc. lifted its stake in shares of Ryan Specialty by 27.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company's stock valued at $117,000 after buying an additional 521 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in Ryan Specialty during the 3rd quarter valued at $212,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Ryan Specialty in the third quarter valued at $233,000. Institutional investors and hedge funds own 84.82% of the company's stock.

Ryan Specialty Stock Performance

Shares of NYSE RYAN traded up $0.26 during trading on Tuesday, hitting $49.33. The company had a trading volume of 1,114,981 shares, compared to its average volume of 747,937. The stock has a 50 day simple moving average of $52.21 and a 200 day simple moving average of $46.97. The firm has a market capitalization of $12.84 billion, a P/E ratio of 96.73 and a beta of 0.52. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. Ryan Specialty Holdings, Inc. has a 12 month low of $39.44 and a 12 month high of $56.51.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. The business had revenue of $532.90 million during the quarter, compared to the consensus estimate of $524.08 million. During the same period in the prior year, the company posted $0.27 EPS. The firm's revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current 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 was Tuesday, March 12th. Ryan Specialty's dividend payout ratio is 86.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RYAN shares. Citigroup raised their target price on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods boosted their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. JMP Securities restated a "market perform" rating on shares of Ryan Specialty in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $47.00 to $49.00 and gave the company an "underweight" rating in a report on Monday, April 8th. Finally, 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 report on Thursday, April 11th. One investment 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 MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $54.25.

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.