PDT Partners LLC Sells 5,713 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

PDT Partners LLC lessened its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,789 shares of the company's stock after selling 5,713 shares during the quarter. PDT Partners LLC's holdings in Ryan Specialty were worth $628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mariner LLC raised its stake in Ryan Specialty by 3.4% during the 4th quarter. Mariner LLC now owns 5,278 shares of the company's stock valued at $339,000 after purchasing an additional 172 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Ryan Specialty by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 15,690 shares of the company's stock valued at $1,045,000 after buying an additional 188 shares during the period. State of Alaska Department of Revenue grew its position in Ryan Specialty by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company's stock worth $778,000 after buying an additional 190 shares in the last quarter. CIBC Asset Management Inc increased its stake in Ryan Specialty by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,674 shares of the company's stock valued at $236,000 after acquiring an additional 196 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Ryan Specialty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 44,990 shares of the company's stock valued at $2,887,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on RYAN shares. Barclays reduced their target price on Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. UBS Group lifted their price objective on Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. TD Cowen started coverage on Ryan Specialty in a report on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $75.67.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded up $1.62 during trading on Tuesday, reaching $69.28. The company had a trading volume of 758,887 shares, compared to its average volume of 967,829. Ryan Specialty Holdings, Inc. has a 52 week low of $50.15 and a 52 week high of $77.16. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The business's 50 day moving average price is $70.14 and its 200-day moving average price is $68.70. The stock has a market cap of $18.15 billion, a PE ratio of 100.53, a PEG ratio of 1.19 and a beta of 0.68.

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

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.48 annualized dividend and a yield of 0.69%. Ryan Specialty's dividend payout ratio is currently 141.18%.

Insider Buying and Selling at Ryan Specialty

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.10% of the company's stock.

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.