Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,898 shares of the company’s stock after buying an additional 1,896 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryan Specialty were worth $942,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Ryan Specialty by 192.0% during the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after buying an additional 361 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Ryan Specialty during the third quarter valued at approximately $92,000. First Horizon Advisors Inc. grew its holdings in shares of Ryan Specialty by 27.6% during the third quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company’s stock valued at $117,000 after buying an additional 521 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Ryan Specialty during the third quarter valued at approximately $133,000. Finally, CHICAGO TRUST Co NA purchased a new stake in shares of Ryan Specialty during the third quarter valued at approximately $212,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Ryan Specialty Trading Down 1.8 %

Shares of Ryan Specialty stock opened at $48.94 on Monday. The company’s fifty day simple moving average is $52.09 and its 200-day simple moving average is $46.94. The stock has a market capitalization of $12.74 billion, a PE ratio of 95.96 and a beta of 0.52. Ryan Specialty Holdings, Inc. has a 1-year low of $39.44 and a 1-year high of $56.51. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $532.90 million for the quarter, compared to analysts’ expectations of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. As a group, equities analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently announced 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 of this dividend was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio (DPR) is 86.28%.

Wall Street Analysts Forecast Growth

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