Diversified Trust Co Raises Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Diversified Trust Co grew its stake in Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) by 28.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,301 shares of the company’s stock after purchasing an additional 5,450 shares during the quarter. Diversified Trust Co’s holdings in Ryan Specialty were worth $1,349,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of Ryan Specialty by 34.5% during the third quarter. Citigroup Inc. now owns 10,095 shares of the company’s stock valued at $489,000 after purchasing an additional 2,587 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Ryan Specialty by 192.0% during the 3rd 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Ryan Specialty by 129.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 86,986 shares of the company’s stock worth $4,210,000 after buying an additional 49,069 shares during the period. Invesco Ltd. increased its stake in shares of Ryan Specialty by 273.9% in the 3rd quarter. Invesco Ltd. now owns 303,102 shares of the company’s stock worth $14,670,000 after acquiring an additional 222,030 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new position in Ryan Specialty during the 3rd quarter valued at about $503,000. Institutional investors own 84.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RYAN shares. Keefe, Bruyette & Woods upped their price objective 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. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research report on Monday, April 15th. Wolfe Research downgraded Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Monday, May 6th. Wells Fargo & Company raised their price target on Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Bank of America assumed coverage on shares of Ryan Specialty in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Ryan Specialty currently has an average rating of “Hold” and an average price target of $55.67.

Read Our Latest Analysis on RYAN

Ryan Specialty Stock Performance

Shares of RYAN stock opened at $56.78 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. The company has a 50 day moving average price of $54.12 and a 200-day moving average price of $49.97. Ryan Specialty Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $61.29. The firm has a market capitalization of $14.79 billion, a PE ratio of 107.13, a P/E/G ratio of 1.50 and a beta of 0.62.

Ryan Specialty (NYSE:RYANGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share 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 45.87%. The business had revenue of $552.00 million for the quarter, compared to the consensus estimate of $549.06 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, May 13th. Ryan Specialty’s dividend payout ratio (DPR) is 83.02%.

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.

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

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