Deutsche Bank AG Acquires 1,241 Shares of Ryan Specialty Holdings Inc. $RYAN

Deutsche Bank AG boosted its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,055 shares of the company’s stock after buying an additional 1,241 shares during the period. Deutsche Bank AG’s holdings in Ryan Specialty were worth $891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its position in shares of Ryan Specialty by 281.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after acquiring an additional 245 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Ryan Specialty during the first quarter worth $35,000. Fifth Third Bancorp increased its holdings in Ryan Specialty by 202.5% in the first quarter. Fifth Third Bancorp now owns 484 shares of the company’s stock valued at $36,000 after purchasing an additional 324 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Ryan Specialty in the fourth quarter valued at about $36,000. Finally, GAMMA Investing LLC boosted its holdings in Ryan Specialty by 21.8% during the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock worth $155,000 after buying an additional 376 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN opened at $58.9870 on Monday. The firm has a market cap of $15.55 billion, a P/E ratio of 168.54, a PEG ratio of 1.64 and a beta of 0.64. Ryan Specialty Holdings Inc. has a twelve month low of $55.77 and a twelve month high of $77.16. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $63.60 and its two-hundred day moving average price is $67.45.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. On average, analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 12th. Ryan Specialty’s payout ratio is 137.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Barclays lowered their target price on shares of Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. UBS Group reduced their price target on shares of Ryan Specialty from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, Morgan Stanley decreased their price target on shares of Ryan Specialty from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ryan Specialty currently has an average rating of “Moderate Buy” and an average target price of $74.83.

Insider Activity

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the sale, the executive vice president owned 1,117 shares in the company, valued at approximately $73,543.28. The trade was a 92.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David P. Bolger sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total value of $354,000.00. Following the transaction, the director directly owned 71,467 shares of the company’s stock, valued at approximately $5,059,863.60. This trade represents a 6.54% decrease in their position. The disclosure for this sale can be found here. 52.21% of the stock is owned by corporate insiders.

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.