Jump Financial LLC Has $1.78 Million Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Jump Financial LLC lowered its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,277 shares of the company's stock after selling 26,455 shares during the period. Jump Financial LLC's holdings in Ryan Specialty were worth $1,776,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RYAN. PNC Financial Services Group Inc. raised its position in shares of Ryan Specialty by 192.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company's stock worth $27,000 after buying an additional 361 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Ryan Specialty by 1,283.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company's stock worth $43,000 after purchasing an additional 937 shares during the period. Operose Advisors LLC acquired a new position in shares of Ryan Specialty in the 3rd quarter valued at about $92,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Ryan Specialty during the 3rd quarter worth about $233,000. Finally, Signaturefd LLC increased its position in Ryan Specialty by 443.1% during the 3rd quarter. Signaturefd LLC now owns 4,828 shares of the company's stock worth $234,000 after purchasing an additional 3,939 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RYAN has been the topic of a number of recent research reports. 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 research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an "underweight" rating in a research report on Monday, April 8th. JMP Securities reissued a "market perform" rating on shares of Ryan Specialty in a research report on Monday, April 15th. Wells Fargo & Company boosted their price objective on Ryan Specialty from $57.00 to $58.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Finally, Wolfe Research lowered Ryan Specialty from an "outperform" rating to a "peer perform" rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $54.25.

Ryan Specialty Stock Up 0.1 %

Shares of RYAN traded up $0.04 during trading on Wednesday, reaching $53.70. The company's stock had a trading volume of 349,643 shares, compared to its average volume of 761,977. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 101.32 and a beta of 0.58. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. The company has a fifty day moving average of $52.79 and a two-hundred day moving average of $47.49. Ryan Specialty Holdings, Inc. has a twelve month low of $39.44 and a twelve month high of $56.51.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 45.87%. The firm had revenue of $552.00 million for the quarter, compared to analysts' expectations of $549.06 million. During the same period in the prior year, the company posted $0.26 earnings per share. The firm's quarterly revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.82%. Ryan Specialty's dividend payout ratio (DPR) is 83.02%.

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.