Jackson Square Partners LLC Has $60.25 Million Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Jackson Square Partners LLC lowered its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 11.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,400,398 shares of the company's stock after selling 175,382 shares during the period. Ryan Specialty comprises approximately 2.0% of Jackson Square Partners LLC's holdings, making the stock its 24th largest position. Jackson Square Partners LLC owned 0.54% of Ryan Specialty worth $60,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RYAN. PNC Financial Services Group Inc. grew its position in Ryan Specialty by 192.0% in the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company's stock worth $27,000 after acquiring an additional 361 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in Ryan Specialty by 3.1% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 19,187 shares of the company's stock valued at $825,000 after buying an additional 581 shares during the period. HBK Sorce Advisory LLC increased its holdings in Ryan Specialty by 12.5% during the third quarter. HBK Sorce Advisory LLC now owns 7,158 shares of the company's stock valued at $346,000 after buying an additional 794 shares during the period. Torray Investment Partners LLC grew its holdings in Ryan Specialty by 2.3% in the fourth quarter. Torray Investment Partners LLC now owns 40,996 shares of the company's stock worth $1,764,000 after purchasing an additional 923 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in 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 purchasing an additional 937 shares during the last quarter. Institutional investors own 84.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RYAN shares. Wells Fargo & Company boosted their price objective 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. 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. Keefe, Bruyette & Woods upped their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. JMP Securities reaffirmed a "market perform" rating on shares of Ryan Specialty in a research note on Monday, April 15th. Finally, Wolfe Research cut shares of Ryan Specialty from an "outperform" rating to a "peer perform" rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Ryan Specialty has a consensus rating of "Hold" and a consensus price target of $54.25.

Ryan Specialty Stock Up 0.1 %

Ryan Specialty stock traded up $0.03 during mid-day trading on Friday, reaching $54.19. 497,124 shares of the company's stock were exchanged, compared to its average volume of 776,204. The company has a market cap of $14.11 billion, a P/E ratio of 102.25 and a beta of 0.58. Ryan Specialty Holdings, Inc. has a twelve month low of $39.44 and a twelve month high of $56.51. 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 200-day moving average of $47.63.

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

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. Ryan Specialty's dividend payout ratio (DPR) is presently 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.