Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. grew its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 46.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,589 shares of the company’s stock after purchasing an additional 3,061 shares during the quarter. Waterloo Capital L.P.’s holdings in Ryan Specialty were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RYAN. FMR LLC boosted its holdings in Ryan Specialty by 72.3% in the third quarter. FMR LLC now owns 12,875 shares of the company’s stock worth $855,000 after acquiring an additional 5,402 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Ryan Specialty by 9.3% in the 3rd quarter. Captrust Financial Advisors now owns 9,405 shares of the company’s stock valued at $624,000 after purchasing an additional 798 shares during the last quarter. Verition Fund Management LLC boosted its stake in Ryan Specialty by 40.5% in the 3rd quarter. Verition Fund Management LLC now owns 11,774 shares of the company’s stock worth $782,000 after purchasing an additional 3,396 shares in the last quarter. HighTower Advisors LLC grew its position in Ryan Specialty by 101.6% during the 3rd quarter. HighTower Advisors LLC now owns 39,969 shares of the company’s stock worth $2,661,000 after purchasing an additional 20,139 shares during the last quarter. Finally, Quarry LP increased its stake in Ryan Specialty by 109.3% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $54,000 after purchasing an additional 422 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Activity

In other news, Director Nicholas Dominic Cortezi sold 31,409 shares of Ryan Specialty stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total value of $2,061,686.76. Following the sale, the director now owns 2,697 shares in the company, valued at $177,031.08. This trade represents a 92.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The disclosure for this sale can be found here. Insiders have sold 241,360 shares of company stock worth $16,006,428 in the last ninety days. Company insiders own 11.10% of the company’s stock.

Ryan Specialty Trading Down 7.1 %

Shares of NYSE:RYAN opened at $70.55 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $77.16. The business has a 50 day moving average of $69.60 and a two-hundred day moving average of $68.68. The company has a market capitalization of $18.48 billion, a PE ratio of 102.25, a PEG ratio of 1.19 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The firm had revenue of $663.53 million during the quarter, compared to analyst estimates of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. As a group, analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 4th. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is 69.57%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective 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. 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 research report on Friday, February 21st. UBS Group increased their price objective on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their target price on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. One 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $75.27.

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.