Victory Capital Management Inc. Raises Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Victory Capital Management Inc. lifted its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,958,210 shares of the company's stock after acquiring an additional 158,322 shares during the quarter. Victory Capital Management Inc. owned 0.75% of Ryan Specialty worth $84,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Alliance Wealth Advisors LLC UT grew its stake in shares of Ryan Specialty by 3.1% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 19,187 shares of the company's stock worth $825,000 after acquiring an additional 581 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Ryan Specialty by 1,283.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company's stock worth $43,000 after acquiring an additional 937 shares during the period. California Public Employees Retirement System grew its stake in shares of Ryan Specialty by 31.2% in the fourth quarter. California Public Employees Retirement System now owns 136,653 shares of the company's stock worth $5,879,000 after acquiring an additional 32,497 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Ryan Specialty by 30.6% in the fourth quarter. Handelsbanken Fonder AB now owns 14,100 shares of the company's stock worth $607,000 after buying an additional 3,300 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Ryan Specialty by 941.7% in the fourth quarter. Federated Hermes Inc. now owns 108,346 shares of the company's stock worth $4,661,000 after buying an additional 97,945 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Price Performance

NYSE:RYAN traded down $1.45 during trading hours on Friday, hitting $51.50. 2,143,221 shares of the stock traded hands, compared to its average volume of 804,185. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.98. Ryan Specialty Holdings, Inc. has a 1 year low of $39.44 and a 1 year high of $56.51. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 97.17 and a beta of 0.58. The stock has a 50 day moving average price of $52.56 and a 200 day moving average price of $47.07.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 46.11%. The firm had revenue of $552.00 million for the quarter, compared to the consensus estimate of $549.06 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company's quarterly revenue was up 20.6% compared to the same quarter last year. Sell-side analysts forecast that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, May 13th. Ryan Specialty's dividend payout ratio (DPR) is presently 83.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RYAN shares. Keefe, Bruyette & Woods raised their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. JMP Securities reissued a "market perform" rating on shares of Ryan Specialty in a report on Monday, April 15th. JPMorgan Chase & Co. raised their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an "underweight" rating in a report on Monday, April 8th. Citigroup lifted their price target on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company lifted their price target on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $54.25.

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.