Cwm LLC Decreases Holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN)

Cwm LLC cut its holdings in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,660 shares of the company’s stock after selling 435 shares during the quarter. Cwm LLC’s holdings in Ryan Specialty were worth $123,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RYAN. LPL Financial LLC increased its position in shares of Ryan Specialty by 19.2% during the 4th quarter. LPL Financial LLC now owns 32,864 shares of the company’s stock valued at $2,109,000 after purchasing an additional 5,297 shares during the last quarter. Norges Bank purchased a new stake in shares of Ryan Specialty during the 4th quarter valued at $78,358,000. Pictet Asset Management Holding SA increased its position in shares of Ryan Specialty by 21.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,302 shares of the company’s stock valued at $982,000 after purchasing an additional 2,684 shares during the last quarter. Schroder Investment Management Group increased its holdings in Ryan Specialty by 2.6% in the 4th quarter. Schroder Investment Management Group now owns 742,571 shares of the company’s stock worth $47,317,000 after acquiring an additional 18,623 shares during the last quarter. Finally, RWA Wealth Partners LLC purchased a new stake in Ryan Specialty in the 4th quarter worth about $244,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Ryan Specialty Stock Down 8.3%

RYAN stock opened at $60.05 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $15.76 billion, a PE ratio of 176.61, a PEG ratio of 1.77 and a beta of 0.66. Ryan Specialty Holdings Inc. has a twelve month low of $59.89 and a twelve month high of $77.16. The stock has a 50-day simple moving average of $67.01 and a two-hundred day simple moving average of $68.33.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ryan Specialty had a return on equity of 47.70% and a net margin of 6.97%. The company had revenue of $690.17 million during the quarter, compared to analyst estimates of $680.80 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Ryan Specialty’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.80%. Ryan Specialty’s payout ratio is 141.18%.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on Ryan Specialty from $65.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Barclays decreased their price objective on Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Monday, July 7th. Morgan Stanley decreased their price objective on Ryan Specialty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Monday, July 14th. Finally, Wall Street Zen lowered Ryan Specialty from a “hold” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Insider Buying and Selling

In related news, EVP Mark Stephen Katz sold 14,377 shares of the business’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 value of $946,581.68. Following the completion of the sale, the executive vice president owned 1,117 shares in the company, valued at $73,543.28. The trade was a 92.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David P. Bolger sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the sale, the director owned 71,467 shares of the company’s stock, valued at $5,059,863.60. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 52.21% of the company’s stock.

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.