KLP Kapitalforvaltning AS Makes New Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

KLP Kapitalforvaltning AS bought a new position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the 4th quarter, Holdings Channel reports. The firm bought 24,900 shares of the company’s stock, valued at approximately $1,598,000.

A number of other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in Ryan Specialty by 17.5% during the 4th quarter. Quantbot Technologies LP now owns 126,254 shares of the company’s stock valued at $8,100,000 after acquiring an additional 18,836 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ryan Specialty by 4.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,498 shares of the company’s stock valued at $1,508,000 after purchasing an additional 948 shares during the period. Magnetar Financial LLC bought a new position in shares of Ryan Specialty in the fourth quarter worth about $859,000. Harvest Fund Management Co. Ltd purchased a new position in Ryan Specialty in the 4th quarter worth about $54,000. Finally, Xponance Inc. lifted its holdings in Ryan Specialty by 3.8% during the 4th quarter. Xponance Inc. now owns 20,913 shares of the company’s stock valued at $1,342,000 after buying an additional 774 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RYAN has been the topic of a number of research reports. Royal Bank of Canada reduced their target price on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Morgan Stanley started coverage on shares of Ryan Specialty in a research note on Thursday, December 5th. They set an “overweight” rating and a $90.00 price objective on the stock. Finally, UBS Group upped their price objective on Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.27.

Ryan Specialty Trading Up 0.2 %

Shares of Ryan Specialty stock opened at $72.98 on Friday. Ryan Specialty Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $75.97. The firm’s 50 day simple moving average is $68.74 and its two-hundred day simple moving average is $68.25. 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 firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 105.77, a PEG ratio of 1.19 and a beta of 0.71.

Ryan Specialty (NYSE:RYAN) last issued its 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). The firm had revenue of $663.53 million during the quarter, compared to analysts’ expectations of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. Analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.12 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.48 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio is currently 69.57%.

Insider Buying and Selling

In related news, Director Nicholas Dominic Cortezi sold 29,466 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $65.06, for a total value of $1,917,057.96. Following the completion of the transaction, the director now directly owns 45,409 shares in the company, valued at $2,954,309.54. The trade was a 39.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 241,360 shares of company stock worth $16,006,428. 11.10% of the stock is owned by company insiders.

Ryan Specialty Company 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.