Aquatic Capital Management LLC Purchases 44,755 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Aquatic Capital Management LLC increased its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 7,434.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,357 shares of the company's stock after acquiring an additional 44,755 shares during the period. Aquatic Capital Management LLC's holdings in Ryan Specialty were worth $2,910,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new stake in shares of Ryan Specialty in the fourth quarter worth about $27,000. Principal Securities Inc. grew its position in shares of Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after buying an additional 415 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in shares of Ryan Specialty during the fourth quarter valued at approximately $49,000. Headlands Technologies LLC raised its holdings in shares of Ryan Specialty by 2,644.8% during the fourth quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after acquiring an additional 767 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ryan Specialty in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RYAN. Keefe, Bruyette & Woods decreased their price objective on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays decreased their price target on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada cut their price objective on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. TD Cowen started coverage on Ryan Specialty in a research report on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. Finally, UBS Group lifted their price target on Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Ryan Specialty presently has an average rating of "Hold" and an average target price of $75.67.

Insider Transactions at Ryan Specialty

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 11.10% of the company's stock.

Ryan Specialty Stock Up 3.4 %

NYSE:RYAN traded up $2.21 on Friday, reaching $67.02. 1,550,883 shares of the stock traded hands, compared to its average volume of 972,170. The company's fifty day simple moving average is $70.17 and its 200 day simple moving average is $68.74. Ryan Specialty Holdings, Inc. has a 12 month low of $48.85 and a 12 month high of $77.16. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 97.13, a PEG ratio of 1.19 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The company had revenue of $690.17 million for the quarter, compared to analysts' expectations of $680.80 million. During the same period last year, the firm posted $0.35 earnings per share. Ryan Specialty's revenue was up 25.0% compared to the same quarter last year. Equities analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.48 annualized dividend and a yield of 0.72%. Ryan Specialty's payout ratio is 69.57%.

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.