Quantbot Technologies LP Acquires 18,836 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Quantbot Technologies LP increased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 17.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 126,254 shares of the company’s stock after purchasing an additional 18,836 shares during the quarter. Quantbot Technologies LP’s holdings in Ryan Specialty were worth $8,100,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Ryan Specialty by 11.8% in the third quarter. Janney Montgomery Scott LLC now owns 16,994 shares of the company’s stock valued at $1,128,000 after purchasing an additional 1,799 shares during the period. Assetmark Inc. purchased a new stake in shares of Ryan Specialty in the 3rd quarter worth $34,000. Crossmark Global Holdings Inc. bought a new position in shares of Ryan Specialty during the 3rd quarter worth $475,000. Entropy Technologies LP purchased a new position in shares of Ryan Specialty during the third quarter valued at $369,000. Finally, Aigen Investment Management LP bought a new stake in shares of Ryan Specialty in the third quarter valued at about $333,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $65.17, for a total value of $2,280,950.00. Following the completion of the transaction, the director now owns 50,400 shares in the company, valued at $3,284,568. The trade was a 40.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 281,451 shares of company stock valued at $18,549,143. 11.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RYAN. Royal Bank of Canada dropped 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 report on Friday, February 21st. Barclays raised their price objective on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley initiated coverage on Ryan Specialty in a research note on Thursday, December 5th. They set an “overweight” rating and a $90.00 target price on the stock. Keefe, Bruyette & Woods lowered their price target on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, UBS Group boosted their price target 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 analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.27.

Ryan Specialty Price Performance

Shares of NYSE RYAN opened at $68.32 on Friday. The firm’s 50 day simple moving average is $66.97 and its 200-day simple moving average is $67.68. Ryan Specialty Holdings, Inc. has a 12 month low of $48.48 and a 12 month high of $75.97. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 99.01, a PEG ratio of 1.19 and a beta of 0.71. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, February 20th. The company reported $0.45 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 company had revenue of $663.53 million for the quarter, compared to analysts’ expectations of $658.80 million. Analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.12 per share. This is a boost 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 is Tuesday, March 4th. Ryan Specialty’s dividend payout ratio (DPR) is presently 69.57%.

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.