Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 29.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,683 shares of the company’s stock after selling 77,247 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ryan Specialty were worth $7,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RYAN. PNC Financial Services Group Inc. grew its stake in shares of 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 purchasing an additional 361 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Ryan Specialty by 1,283.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after buying an additional 937 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Ryan Specialty in the third quarter valued at $92,000. First Horizon Advisors Inc. lifted its position in shares of Ryan Specialty by 27.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company’s stock valued at $117,000 after acquiring an additional 521 shares during the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in shares of Ryan Specialty during the 3rd quarter worth $212,000. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Trading Up 1.3 %

Shares of NYSE:RYAN opened at $52.18 on Wednesday. The company has a quick ratio of 1.16, a current 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. The firm has a fifty day moving average of $52.65 and a two-hundred day moving average of $47.13. The firm has a market capitalization of $13.58 billion, a P/E ratio of 98.45 and a beta of 0.58.

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

Ryan Specialty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, May 13th. Ryan Specialty’s payout ratio is presently 83.02%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RYAN shares. Wolfe Research downgraded Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Monday. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a report on Monday, April 15th. Citigroup boosted 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 price objective on shares of 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 boosted their target price on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.