Sumitomo Mitsui Trust Holdings Inc. Acquires 312,066 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,512,036 shares of the company’s stock after buying an additional 312,066 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ryan Specialty were worth $65,048,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc raised its position in shares of Ryan Specialty by 1.2% in the 1st quarter. Ensign Peak Advisors Inc now owns 24,690 shares of the company’s stock worth $994,000 after purchasing an additional 300 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Ryan Specialty by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 31,129 shares of the company’s stock worth $1,253,000 after buying an additional 325 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Ryan Specialty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,273 shares of the company’s stock worth $1,677,000 after buying an additional 325 shares during the last quarter. HighTower Advisors LLC raised its position in Ryan Specialty by 4.7% in the 1st quarter. HighTower Advisors LLC now owns 7,564 shares of the company’s stock worth $305,000 after buying an additional 339 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Ryan Specialty by 192.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after buying an additional 361 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Down 0.1 %

Shares of NYSE:RYAN opened at $50.29 on Friday. The stock has a 50 day moving average of $51.38 and a 200 day moving average of $46.87. The company has a market cap of $13.09 billion, a PE ratio of 98.61 and a beta of 0.52. 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 announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $532.90 million during the quarter, compared to the consensus estimate of $524.08 million. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio (DPR) is presently 86.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RYAN. Keefe, Bruyette & Woods upped their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their price target on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research report on Monday. Finally, Citigroup upped their price target on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.25.

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.