Tower Research Capital LLC TRC lifted its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 386.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,041 shares of the company's stock after purchasing an additional 7,976 shares during the period. Tower Research Capital LLC TRC's holdings in Ryan Specialty were worth $644,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Ryan Specialty during the fourth quarter valued at $27,000. Principal Securities Inc. increased its position in shares of 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 purchasing an additional 415 shares during the last quarter. Mizuho Bank Ltd. bought a new position in shares of Ryan Specialty during the 4th quarter valued at about $49,000. Headlands Technologies LLC increased 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 purchasing an additional 767 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Ryan Specialty during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 84.82% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. UBS Group increased their price objective on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Barclays lowered their target price on 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 lowered their target price on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Finally, TD Cowen initiated coverage on Ryan Specialty in a research note on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $75.67.
Check Out Our Latest Research Report on RYAN
Insider Activity
In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.10% of the company's stock.
Ryan Specialty Stock Down 1.0 %
Shares of NYSE RYAN traded down $0.64 during midday trading on Thursday, reaching $64.87. 1,970,832 shares of the company's stock traded hands, compared to its average volume of 973,663. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock's 50 day simple moving average is $70.26 and its 200-day simple moving average is $68.83. Ryan Specialty Holdings, Inc. has a one year low of $48.85 and a one year high of $77.16. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 94.01, a P/E/G 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. On average, analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.
Ryan Specialty Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 4th. 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 dividend yield of 0.74%. Ryan Specialty's dividend payout ratio (DPR) is currently 69.57%.
Ryan Specialty Profile
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Free Report)
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.
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