Cumberland Partners Ltd Raises Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Cumberland Partners Ltd lifted its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 120.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,000 shares of the company's stock after purchasing an additional 12,000 shares during the period. Cumberland Partners Ltd's holdings in Ryan Specialty were worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Champlain Investment Partners LLC boosted its holdings in shares of Ryan Specialty by 28.0% in the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company's stock valued at $274,022,000 after acquiring an additional 1,079,505 shares in the last quarter. Blair William & Co. IL boosted its stake in Ryan Specialty by 3.4% during the second quarter. Blair William & Co. IL now owns 2,866,003 shares of the company's stock worth $165,970,000 after buying an additional 94,663 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Ryan Specialty by 33.9% in the 1st quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company's stock worth $106,886,000 after acquiring an additional 488,067 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Ryan Specialty by 148.9% during the third quarter. Principal Financial Group Inc. now owns 851,704 shares of the company's stock worth $56,545,000 after buying an additional 509,548 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Ryan Specialty by 132.2% during the second quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company's stock worth $48,425,000 after acquiring an additional 476,126 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on RYAN shares. Citigroup increased their price target on Ryan Specialty from $56.00 to $62.00 and gave the company a "neutral" rating in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their target price on shares of Ryan Specialty from $63.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Ryan Specialty from $54.00 to $56.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. BMO Capital Markets upgraded shares of Ryan Specialty from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. Finally, Bank of America upped their price target on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $70.33.

Insider Buying and Selling at Ryan Specialty

In related news, EVP Mark Stephen Katz sold 14,790 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the sale, the executive vice president now owns 12,386 shares in the company, valued at approximately $884,236.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the transaction, the executive vice president now directly owns 24,845 shares in the company, valued at $1,619,397.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Stephen Katz sold 14,790 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the sale, the executive vice president now owns 12,386 shares in the company, valued at approximately $884,236.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,926 shares of company stock valued at $8,015,890. 11.10% of the stock is currently owned by company insiders.

Ryan Specialty Stock Down 0.1 %

Shares of RYAN stock traded down $0.07 on Tuesday, hitting $71.62. The stock had a trading volume of 508,627 shares, compared to its average volume of 878,482. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $73.10. The stock's 50 day moving average is $67.71 and its 200-day moving average is $61.37. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 93.21, a P/E/G ratio of 1.62 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $604.69 million during the quarter, compared to analysts' expectations of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, research analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.61%. The ex-dividend date is Tuesday, November 12th. Ryan Specialty's payout ratio is 57.14%.

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.