23,077 Shares in Ryan Specialty Holdings Inc. $RYAN Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,077 shares of the company’s stock, valued at approximately $854,000.

A number of other institutional investors have also recently bought and sold shares of RYAN. Allworth Financial LP raised its position in shares of Ryan Specialty by 70.0% during the 2nd quarter. Allworth Financial LP now owns 787 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Ryan Specialty by 54.9% in the 1st quarter. Parallel Advisors LLC now owns 1,013 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. Fortitude Family Office LLC bought a new position in shares of Ryan Specialty in the 3rd quarter worth $34,000. Integrated Wealth Concepts LLC bought a new position in shares of Ryan Specialty in the 2nd quarter worth $73,000. Finally, KERR FINANCIAL PLANNING Corp boosted its position in shares of Ryan Specialty by 83.7% in the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 2,203 shares of the company’s stock worth $77,000 after purchasing an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Trading Up 0.4%

RYAN stock opened at $45.67 on Wednesday. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.00 and a current ratio of 1.01. The company’s 50-day simple moving average is $40.49 and its 200 day simple moving average is $39.12. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $58.94. The company has a market capitalization of $11.68 billion, a PE ratio of 56.39, a price-to-earnings-growth ratio of 0.96 and a beta of 0.54.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. The business had revenue of $789.96 million during the quarter, compared to analysts’ expectations of $792.99 million. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, sell-side analysts anticipate that Ryan Specialty Holdings Inc. will post 2.17 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th. Ryan Specialty’s dividend payout ratio is presently 64.20%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RYAN shares. Royal Bank Of Canada decreased their price target on shares of Ryan Specialty from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Barclays raised their price target on shares of Ryan Specialty from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Ryan Specialty from $41.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup boosted their price objective on shares of Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Cantor Fitzgerald increased their target price on shares of Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.15.

Ryan Specialty Profile

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.