Hsbc Holdings PLC Buys 528 Shares of Ryan Specialty Holdings Inc. $RYAN

Hsbc Holdings PLC lifted its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 14.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,182 shares of the company’s stock after acquiring an additional 528 shares during the period. Hsbc Holdings PLC’s holdings in Ryan Specialty were worth $309,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RYAN. Susquehanna International Group LLP raised its stake in shares of Ryan Specialty by 31.1% in the 4th quarter. Susquehanna International Group LLP now owns 39,593 shares of the company’s stock valued at $2,540,000 after acquiring an additional 9,393 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Ryan Specialty by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 85,528 shares of the company’s stock worth $5,487,000 after buying an additional 2,119 shares during the period. Northern Trust Corp increased its position in Ryan Specialty by 20.5% in the 4th quarter. Northern Trust Corp now owns 891,112 shares of the company’s stock worth $57,174,000 after buying an additional 151,391 shares during the period. Aptus Capital Advisors LLC bought a new position in Ryan Specialty in the 4th quarter worth approximately $334,000. Finally, BNP Paribas Financial Markets bought a new position in Ryan Specialty in the 4th quarter worth approximately $3,988,000. 84.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RYAN has been the topic of several recent analyst reports. Barclays dropped their price target on Ryan Specialty from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. The Goldman Sachs Group raised Ryan Specialty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $81.00 in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price target on Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. UBS Group dropped their price target on 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, Citigroup initiated coverage on Ryan Specialty in a research report on Wednesday, August 13th. They issued a “buy” rating and a $74.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.83.

Ryan Specialty Price Performance

Shares of RYAN stock opened at $55.01 on Thursday. The stock’s fifty day simple moving average is $61.93 and its 200 day simple moving average is $66.84. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 157.18, a P/E/G ratio of 1.57 and a beta of 0.63. Ryan Specialty Holdings Inc. has a one year low of $54.95 and a one year high of $77.16.

Ryan Specialty (NYSE:RYAN) last posted 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 company had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Ryan Specialty’s payout ratio is presently 137.14%.

Insider Buying and Selling

In related news, EVP Mark Stephen Katz sold 14,377 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the completion of the sale, the executive vice president owned 1,117 shares in the company, valued at approximately $73,543.28. This represents a 92.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 52.21% 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.