Dynamic Technology Lab Private Ltd Makes New $545,000 Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Dynamic Technology Lab Private Ltd purchased a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,490 shares of the company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mizuho Bank Ltd. acquired a new stake in Ryan Specialty in the 4th quarter valued at approximately $49,000. Nicolet Advisory Services LLC boosted its position in shares of Ryan Specialty by 9.3% during the fourth quarter. Nicolet Advisory Services LLC now owns 11,301 shares of the company’s stock worth $706,000 after buying an additional 963 shares during the period. Huntington National Bank grew its stake in shares of Ryan Specialty by 44.3% in the fourth quarter. Huntington National Bank now owns 1,656 shares of the company’s stock valued at $106,000 after buying an additional 508 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Ryan Specialty by 2,644.8% in the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company’s stock valued at $51,000 after buying an additional 767 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Ryan Specialty by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company’s stock worth $115,468,000 after acquiring an additional 46,960 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $65.99, for a total value of $2,309,650.00. Following the transaction, the director now directly owns 35,609 shares in the company, valued at approximately $2,349,837.91. This trade represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,360 shares of company stock valued at $16,006,428. 11.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on RYAN. UBS Group lifted their target price on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their target price on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada decreased their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.27.

Ryan Specialty Price Performance

Ryan Specialty stock opened at $68.47 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a fifty day simple moving average of $69.67 and a 200-day simple moving average of $68.72. The stock has a market cap of $17.93 billion, a P/E ratio of 99.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66. Ryan Specialty Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $77.16.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business had revenue of $663.53 million for the quarter, compared to analysts’ expectations of $658.80 million. Equities analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.12 dividend. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, March 4th. Ryan Specialty’s dividend payout ratio is currently 69.57%.

Ryan Specialty Profile

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.