Geneva Capital Management LLC Acquires 65,924 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Geneva Capital Management LLC grew its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,605 shares of the company's stock after purchasing an additional 65,924 shares during the period. Geneva Capital Management LLC owned about 0.16% of Ryan Specialty worth $18,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Ryan Specialty by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 621,861 shares of the company's stock valued at $26,752,000 after acquiring an additional 22,646 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Ryan Specialty by 8.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,958,210 shares of the company's stock valued at $84,242,000 after acquiring an additional 158,322 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in shares of Ryan Specialty by 3.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,187 shares of the company's stock valued at $825,000 after acquiring an additional 581 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Ryan Specialty by 1,283.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company's stock valued at $43,000 after acquiring an additional 937 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Ryan Specialty by 31.2% during the 4th quarter. California Public Employees Retirement System now owns 136,653 shares of the company's stock valued at $5,879,000 after acquiring an additional 32,497 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RYAN has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. 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. JPMorgan Chase & Co. lifted 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, Wolfe Research downgraded shares of Ryan Specialty from an "outperform" rating to a "peer perform" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ryan Specialty currently has a consensus rating of "Hold" and a consensus target price of $54.25.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded up $0.38 during trading on Friday, reaching $53.71. The company had a trading volume of 747,603 shares, compared to its average volume of 852,996. Ryan Specialty Holdings, Inc. has a 52 week low of $39.44 and a 52 week high of $56.51. The stock has a market cap of $13.98 billion, a PE ratio of 101.34 and a beta of 0.58. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.16 and a current ratio of 1.15. The business's 50 day moving average price is $52.80 and its 200-day moving average price is $47.25.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly 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 45.87%. The company had revenue of $552.00 million during the quarter, compared to analysts' expectations of $549.06 million. During the same quarter in the previous year, the company earned $0.26 EPS. Ryan Specialty's revenue was up 20.6% on a year-over-year basis. Analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Monday, May 13th. Ryan Specialty's dividend payout ratio is 83.02%.

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.