Bar Harbor Wealth Management Lowers Holdings in Ryan Specialty Holdings Inc. $RYAN

Bar Harbor Wealth Management reduced its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 87.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,597 shares of the company’s stock after selling 154,929 shares during the period. Bar Harbor Wealth Management’s holdings in Ryan Specialty were worth $1,217,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in Ryan Specialty by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 13,642 shares of the company’s stock worth $1,008,000 after purchasing an additional 569 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Ryan Specialty by 14.4% during the 1st quarter. Hsbc Holdings PLC now owns 4,182 shares of the company’s stock worth $309,000 after buying an additional 528 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Ryan Specialty by 14.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,161 shares of the company’s stock worth $234,000 after buying an additional 410 shares during the period. SVB Wealth LLC purchased a new position in shares of Ryan Specialty in the 1st quarter worth $26,000. Finally, WPG Advisers LLC acquired a new position in Ryan Specialty in the first quarter valued at $32,000. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group cut their price objective on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. TD Cowen dropped their target price on shares of Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Barclays reduced their price target on shares of Ryan Specialty from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Cowen reiterated a “buy” rating on shares of Ryan Specialty in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company raised their target price on shares of Ryan Specialty from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ryan Specialty currently has a consensus rating of “Moderate Buy” and an average price target of $65.88.

Ryan Specialty Trading Up 0.3%

NYSE RYAN opened at $51.85 on Thursday. The stock has a market cap of $13.68 billion, a P/E ratio of 112.72, a PEG ratio of 1.45 and a beta of 0.62. The company’s fifty day simple moving average is $54.84 and its 200-day simple moving average is $58.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Ryan Specialty Holdings Inc. has a 52 week low of $50.08 and a 52 week high of $77.16.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $754.58 million during the quarter, compared to analyst estimates of $742.35 million. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Equities research 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 was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Ryan Specialty’s dividend payout ratio is currently 104.35%.

Insiders Place Their Bets

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the completion of the sale, the chief executive officer owned 12,553 shares in the company, valued at $672,966.33. This trade represents a 91.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 52.21% of the stock is currently owned by company insiders.

Ryan Specialty Company Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.