C WorldWide Group Holding A S Increases Stake in Ryan Specialty Holdings Inc. (NYSE:RYAN)

C WorldWide Group Holding A S increased its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 177,191 shares of the company’s stock after acquiring an additional 2,055 shares during the quarter. C WorldWide Group Holding A S’s holdings in Ryan Specialty were worth $13,089,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RYAN. Whittier Trust Co. of Nevada Inc. grew its holdings in Ryan Specialty by 281.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after buying an additional 245 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Ryan Specialty during the 1st quarter valued at about $35,000. Kapitalo Investimentos Ltda purchased a new position in Ryan Specialty during the 4th quarter valued at about $36,000. Fifth Third Bancorp grew its holdings in Ryan Specialty by 202.5% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the company’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in Ryan Specialty during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of NYSE RYAN traded up $0.11 during trading on Friday, hitting $67.27. The company had a trading volume of 29,131 shares, compared to its average volume of 924,797. The stock has a 50 day simple moving average of $67.80 and a 200 day simple moving average of $68.16. The company has a debt-to-equity ratio of 3.45, a quick ratio of 1.05 and a current ratio of 1.05. Ryan Specialty Holdings Inc. has a 12 month low of $56.59 and a 12 month high of $77.16. The firm has a market capitalization of $17.65 billion, a P/E ratio of 197.84, a price-to-earnings-growth ratio of 1.80 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $680.80 million. Ryan Specialty had a return on equity of 47.70% and a net margin of 6.97%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. As a group, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty’s dividend payout ratio is currently 141.18%.

Wall Street Analyst Weigh In

RYAN has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price on Ryan Specialty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Monday. Barclays dropped their target price on Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Monday, July 7th. Keefe, Bruyette & Woods lowered their price objective on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. TD Cowen initiated coverage on Ryan Specialty in a research report on Thursday, April 10th. They issued a “buy” rating and a $89.00 price objective for the company. Finally, The Goldman Sachs Group upgraded Ryan Specialty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $81.00 in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Ryan Specialty currently has an average rating of “Moderate Buy” and an average price target of $74.83.

Insider Buying and Selling

In related news, EVP Mark Stephen Katz sold 14,377 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the completion of the sale, the executive vice president directly owned 1,117 shares of the company’s stock, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David P. Bolger sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total value of $354,000.00. Following the sale, the director directly owned 71,467 shares of the company’s stock, valued at $5,059,863.60. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by company insiders.

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.