Sumitomo Mitsui DS Asset Management Company Ltd Sells 63,425 Shares of Ryan Specialty Holdings Inc. $RYAN

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 92.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,246 shares of the company’s stock after selling 63,425 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ryan Specialty were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAN. Independent Franchise Partners LLP bought a new position in Ryan Specialty during the third quarter worth about $95,798,000. Champlain Investment Partners LLC lifted its holdings in shares of Ryan Specialty by 76.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock valued at $172,800,000 after purchasing an additional 1,332,773 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ryan Specialty by 21.1% during the 3rd quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock valued at $247,576,000 after purchasing an additional 765,428 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Ryan Specialty by 23.7% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 3,974,869 shares of the company’s stock valued at $217,745,000 after purchasing an additional 762,638 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Ryan Specialty during the 3rd quarter valued at about $37,636,000. Institutional investors own 84.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RYAN. Mizuho set a $35.00 price objective on Ryan Specialty in a report on Friday, May 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryan Specialty in a report on Monday, May 4th. Barclays cut their price objective on Ryan Specialty from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $45.00 price objective on shares of Ryan Specialty in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.82.

Ryan Specialty Trading Down 0.2%

NYSE RYAN opened at $31.26 on Monday. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 0.73 and a beta of 0.68. The stock’s 50 day moving average price is $35.54 and its two-hundred day moving average price is $45.85. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.02 and a current ratio of 1.02. Ryan Specialty Holdings Inc. has a 52 week low of $29.28 and a 52 week high of $72.50.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $795.23 million for the quarter, compared to analysts’ expectations of $781.44 million. Ryan Specialty had a return on equity of 41.33% and a net margin of 8.21%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, analysts anticipate that Ryan Specialty Holdings Inc. will post 2.08 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.52 annualized dividend and a yield of 1.7%. Ryan Specialty’s payout ratio is presently 67.53%.

Insider Buying and Selling

In other news, Director Patrick G. Ryan, Jr. bought 25,500 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average price of $39.96 per share, for a total transaction of $1,018,980.00. Following the purchase, the director owned 428,295 shares of the company’s stock, valued at approximately $17,114,668.20. The trade was a 6.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 52.03% of the company’s stock.

Ryan Specialty Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.