Mariner LLC Buys 172 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Mariner LLC raised its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,278 shares of the company’s stock after acquiring an additional 172 shares during the period. Mariner LLC’s holdings in Ryan Specialty were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Ryan Specialty by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company’s stock worth $633,933,000 after purchasing an additional 529,631 shares during the period. Bessemer Group Inc. raised its holdings in shares of Ryan Specialty by 2.5% in the fourth quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company’s stock worth $210,651,000 after buying an additional 79,976 shares during the period. Blair William & Co. IL lifted its stake in shares of Ryan Specialty by 0.6% during the 4th quarter. Blair William & Co. IL now owns 2,765,963 shares of the company’s stock worth $177,464,000 after acquiring an additional 16,540 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Ryan Specialty by 115.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,833,209 shares of the company’s stock valued at $117,619,000 after acquiring an additional 981,505 shares during the period. Finally, Geode Capital Management LLC grew its position in Ryan Specialty by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company’s stock valued at $115,468,000 after acquiring an additional 46,960 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RYAN shares. Wells Fargo & Company cut their price target on shares of Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada reduced their target price on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. UBS Group boosted their price target on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Barclays reduced their price objective on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their target price on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Ryan Specialty currently has an average rating of “Hold” and a consensus price target of $75.67.

Ryan Specialty Stock Up 3.4 %

Shares of Ryan Specialty stock opened at $67.02 on Friday. Ryan Specialty Holdings, Inc. has a 52-week low of $50.15 and a 52-week high of $77.16. The firm’s 50 day moving average price is $70.17 and its 200-day moving average price is $68.73. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market cap of $17.55 billion, a P/E ratio of 97.13, a PEG ratio of 1.19 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $690.17 million for the quarter, compared to the consensus estimate of $680.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, sell-side analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, May 13th. Ryan Specialty’s dividend payout ratio is presently 69.57%.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 11.10% of the company’s stock.

Ryan Specialty Company Profile

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.