Numerai GP LLC Lowers Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Numerai GP LLC lowered its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,739 shares of the company's stock after selling 9,759 shares during the quarter. Numerai GP LLC's holdings in Ryan Specialty were worth $1,202,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RYAN. Rakuten Securities Inc. purchased a new position in shares of Ryan Specialty in the fourth quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new position in Ryan Specialty during the 4th quarter worth approximately $36,000. Principal Securities Inc. raised its position in Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after purchasing an additional 415 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in Ryan Specialty during the 4th quarter worth $49,000. Finally, Headlands Technologies LLC lifted its position in shares of Ryan Specialty by 2,644.8% during the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after acquiring an additional 767 shares during the period. Hedge funds and other institutional investors own 84.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RYAN shares. Wells Fargo & Company reduced their target price on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. Royal Bank of Canada decreased their price objective on shares of Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group boosted their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.42.

Ryan Specialty Trading Down 0.6%

Shares of NYSE RYAN traded down $0.42 on Monday, reaching $70.28. 164,779 shares of the company traded hands, compared to its average volume of 978,392. The stock has a market capitalization of $18.44 billion, a PE ratio of 101.82, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a 50 day moving average of $70.16 and a 200 day moving average of $68.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a fifty-two week low of $52.34 and a fifty-two week high of $77.16.

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

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Ryan Specialty's dividend payout ratio is currently 141.18%.

Insider Buying and Selling

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 11.10% of the stock is currently owned by corporate insiders.

About Ryan Specialty

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.