MetLife Investment Management LLC Increases Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

MetLife Investment Management LLC raised its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,413 shares of the company's stock after buying an additional 6,883 shares during the period. MetLife Investment Management LLC's holdings in Ryan Specialty were worth $4,133,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RYAN. Rakuten Securities Inc. purchased a new stake in shares of Ryan Specialty in the 4th quarter worth about $27,000. Principal Securities Inc. boosted its position in Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after acquiring an additional 415 shares in the last quarter. Mizuho Bank Ltd. bought a new position in shares of Ryan Specialty in the 4th quarter worth approximately $49,000. Headlands Technologies LLC lifted its stake in shares of Ryan Specialty by 2,644.8% in the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after purchasing an additional 767 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ryan Specialty during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analysts Set New Price Targets

RYAN has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada lowered their price target 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. Barclays cut their price objective on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price 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. Finally, UBS Group upped their price target on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $75.67.

Ryan Specialty Stock Performance

RYAN stock traded down $0.68 on Thursday, hitting $64.84. The company had a trading volume of 272,814 shares, compared to its average volume of 967,139. The stock's 50-day simple moving average is $70.26 and its 200 day simple moving average is $68.83. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 94.28, a P/E/G ratio of 1.19 and a beta of 0.66. 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 12-month low of $48.85 and a 12-month high of $77.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business had revenue of $663.53 million for the quarter, compared to analysts' expectations of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.12 dividend. This is an increase from Ryan Specialty's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, March 4th. Ryan Specialty's payout ratio is currently 69.57%.

Insiders Place Their Bets

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through 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.