24,900 Shares in Ryan Specialty Holdings, Inc. (NYSE:RYAN) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,900 shares of the company's stock, valued at approximately $1,598,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quantbot Technologies LP boosted its holdings in Ryan Specialty by 17.5% in the fourth quarter. Quantbot Technologies LP now owns 126,254 shares of the company's stock valued at $8,100,000 after purchasing an additional 18,836 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ryan Specialty by 4.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,498 shares of the company's stock worth $1,508,000 after buying an additional 948 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Ryan Specialty in the fourth quarter worth about $859,000. Harvest Fund Management Co. Ltd acquired a new stake in Ryan Specialty during the fourth quarter worth about $54,000. Finally, Xponance Inc. raised its position in Ryan Specialty by 3.8% during the fourth quarter. Xponance Inc. now owns 20,913 shares of the company's stock valued at $1,342,000 after acquiring an additional 774 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Ryan Specialty Price Performance

NYSE RYAN traded up $1.33 during mid-day trading on Wednesday, hitting $75.14. The stock had a trading volume of 1,360,986 shares, compared to its average volume of 930,821. The firm's 50 day moving average is $69.22 and its 200 day moving average is $68.51. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $19.68 billion, a price-to-earnings ratio of 108.90, a PEG ratio of 1.19 and a beta of 0.71. Ryan Specialty Holdings, Inc. has a twelve month low of $48.48 and a twelve month high of $75.97.

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Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The business had revenue of $663.53 million during the quarter, compared to analyst estimates of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. Equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This is a positive change from Ryan Specialty's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. Ryan Specialty's dividend payout ratio is 69.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Ryan Specialty in a research note on Thursday, December 5th. They set an "overweight" rating and a $90.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. UBS Group increased their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods cut their price target on Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada dropped their price objective on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $75.27.

Insiders Place Their Bets

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $69.30, for a total value of $2,079,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 29,466 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $65.06, for a total value of $1,917,057.96. Following the sale, the director now directly owns 45,409 shares of the company's stock, valued at approximately $2,954,309.54. This trade represents a 39.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 241,360 shares of company stock valued at $16,006,428 in the last three months. 11.10% of the stock is currently owned by insiders.

Ryan Specialty 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.