Voya Investment Management LLC Has $6.61 Million Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Voya Investment Management LLC increased its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 116.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,029 shares of the company's stock after acquiring an additional 55,336 shares during the period. Voya Investment Management LLC's holdings in Ryan Specialty were worth $6,610,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Ryan Specialty during the fourth quarter worth approximately $27,000. Principal Securities Inc. grew its holdings 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 acquiring an additional 415 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in shares of Ryan Specialty in the fourth quarter worth $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 worth $51,000 after acquiring an additional 767 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ryan Specialty in the 4th quarter worth about $54,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the business's stock in a transaction on 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 document filed with the SEC, which is available at this link. 11.10% of the stock is owned by insiders.

Ryan Specialty Price Performance

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

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 for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $690.17 million for the quarter, compared to analyst estimates of $680.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The company's revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. Analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on RYAN. Royal Bank of Canada cut their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Keefe, Bruyette & Woods cut their price objective on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Barclays dropped their price target on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group upped their price objective on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $75.67.

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.