Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stake Trimmed by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,999 shares of the company’s stock after selling 4,916 shares during the quarter. Corient Private Wealth LLC’s holdings in Ryan Specialty were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake 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 purchasing an additional 361 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Ryan Specialty by 1,283.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after purchasing an additional 937 shares in the last quarter. Operose Advisors LLC purchased a new position in Ryan Specialty in the 3rd quarter worth about $92,000. UMB Bank n.a. increased its stake in Ryan Specialty by 81.2% in the 4th quarter. UMB Bank n.a. now owns 4,968 shares of the company’s stock worth $214,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in Ryan Specialty in the 3rd quarter worth about $233,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Down 0.5 %

Shares of Ryan Specialty stock opened at $56.50 on Wednesday. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 106.61, a P/E/G ratio of 1.47 and a beta of 0.61. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 1.15. Ryan Specialty Holdings, Inc. has a 52-week low of $41.34 and a 52-week high of $57.09. The stock has a 50-day simple moving average of $52.74 and a 200-day simple moving average of $48.54.

Ryan Specialty (NYSE:RYANGet Free Report) 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. Ryan Specialty had a return on equity of 45.87% and a net margin of 9.15%. The business had revenue of $552.00 million during the quarter, compared to analyst estimates of $549.06 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue was up 20.6% on a year-over-year basis. On average, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a $0.11 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.44 annualized dividend and a yield of 0.78%. Ryan Specialty’s dividend payout ratio (DPR) is currently 83.02%.

Analysts Set New Price Targets

Several research firms have weighed in on RYAN. Wells Fargo & Company lifted their target price on Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup lifted their target price on Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their target price on Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Bank of America began coverage on Ryan Specialty in a research note on Wednesday, May 22nd. They set a “buy” rating and a $67.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.67.

View Our Latest Stock Report on RYAN

Ryan Specialty Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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