Amundi Sells 1,716 Shares of Ryan Specialty Holdings Inc. $RYAN

Amundi decreased its position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,802 shares of the company’s stock after selling 1,716 shares during the quarter. Amundi’s holdings in Ryan Specialty were worth $6,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RYAN. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Ryan Specialty by 281.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock valued at $25,000 after purchasing an additional 245 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Ryan Specialty in the 1st quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in shares of Ryan Specialty in the 1st quarter valued at approximately $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Ryan Specialty in the 1st quarter valued at approximately $35,000. Finally, Fifth Third Bancorp boosted its stake in shares of Ryan Specialty by 202.5% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the company’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RYAN. Wells Fargo & Company reduced their price target on shares of Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating on the stock 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. UBS Group dropped their price objective on shares of Ryan Specialty from $84.00 to $80.00 and set a “buy” rating for the company in a report on Monday, August 4th. Morgan Stanley dropped their price objective 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. Finally, Citigroup initiated coverage on shares of Ryan Specialty in a report on Wednesday, August 13th. They issued a “buy” rating and a $74.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.83.

Ryan Specialty Stock Down 3.2%

Ryan Specialty stock opened at $50.92 on Thursday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings Inc. has a 52-week low of $50.08 and a 52-week high of $77.16. The firm has a 50 day moving average price of $60.54 and a two-hundred day moving average price of $66.32. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 145.48, a PEG ratio of 1.46 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm had revenue of $855.17 million during the quarter, compared to analyst estimates of $837.52 million. During the same quarter last year, the business earned $0.58 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. Equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

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

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,377 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $65.84, for a total transaction of $946,581.68. Following the completion of the transaction, the executive vice president owned 1,117 shares in the company, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.