Victory Capital Management Inc. Buys 158,322 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Victory Capital Management Inc. raised its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 8.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,958,210 shares of the company’s stock after acquiring an additional 158,322 shares during the quarter. Victory Capital Management Inc.’s holdings in Ryan Specialty were worth $84,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alliance Wealth Advisors LLC UT grew its holdings in Ryan Specialty by 3.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,187 shares of the company’s stock valued at $825,000 after purchasing an additional 581 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Ryan Specialty by 1,283.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock valued at $43,000 after buying an additional 937 shares during the period. California Public Employees Retirement System grew its stake in shares of Ryan Specialty by 31.2% during the fourth quarter. California Public Employees Retirement System now owns 136,653 shares of the company’s stock valued at $5,879,000 after buying an additional 32,497 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Ryan Specialty by 30.6% in the fourth quarter. Handelsbanken Fonder AB now owns 14,100 shares of the company’s stock worth $607,000 after buying an additional 3,300 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Ryan Specialty by 941.7% during the 4th quarter. Federated Hermes Inc. now owns 108,346 shares of the company’s stock worth $4,661,000 after acquiring an additional 97,945 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Citigroup upped their target price on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on shares of Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price objective on Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods lifted their target price on Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.25.

Ryan Specialty Stock Performance

Shares of NYSE RYAN opened at $51.51 on Friday. The company has a 50 day simple moving average of $52.47 and a two-hundred day simple moving average of $47.05. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 97.18 and a beta of 0.58. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.98. Ryan Specialty Holdings, Inc. has a 12 month low of $39.44 and a 12 month high of $56.51.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 46.11%. The company had revenue of $552.00 million for the quarter, compared to analyst estimates of $549.06 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. As a group, analysts predict that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio is presently 83.02%.

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.