Ryan Specialty Holdings Inc. $RYAN Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 43.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,872 shares of the company’s stock after buying an additional 44,843 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Ryan Specialty worth $10,923,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Flaharty Asset Management LLC boosted its holdings in shares of Ryan Specialty by 40.0% during the first quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company’s stock worth $517,000 after purchasing an additional 2,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Ryan Specialty by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 332,823 shares of the company’s stock worth $24,586,000 after purchasing an additional 33,667 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Ryan Specialty during the first quarter worth $40,278,000. United Services Automobile Association acquired a new stake in shares of Ryan Specialty during the first quarter worth $490,000. Finally, Fred Alger Management LLC boosted its holdings in shares of Ryan Specialty by 165.9% during the first quarter. Fred Alger Management LLC now owns 168,694 shares of the company’s stock worth $12,461,000 after purchasing an additional 105,250 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Trading Up 1.5%

Shares of RYAN opened at $52.50 on Wednesday. The stock’s fifty day simple moving average is $59.40 and its 200 day simple moving average is $65.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. Ryan Specialty Holdings Inc. has a twelve month low of $50.08 and a twelve month high of $77.16. The firm has a market capitalization of $13.84 billion, a P/E ratio of 150.00, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63.

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

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.12 dividend. The ex-dividend date of this dividend 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 137.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RYAN shares. Wolfe Research started coverage on Ryan Specialty in a report on Monday. They set an “outperform” rating and a $64.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Citigroup started coverage on Ryan Specialty in a report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price objective on the stock. Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Cantor Fitzgerald upgraded Ryan Specialty to a “hold” rating in a report on Wednesday, August 13th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Insider Buying and Selling

In other Ryan Specialty news, Chairman Patrick G. Ryan bought 276,634 shares of the stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the purchase, the chairman directly owned 13,699,959 shares of the company’s stock, valued at approximately $710,205,874.56. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 52.21% of the stock is owned by company 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.