Ryan Specialty Holdings, Inc. (NYSE:RYAN) Position Increased by Eagle Asset Management Inc.

Eagle Asset Management Inc. increased its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 32.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,380,510 shares of the company's stock after buying an additional 335,180 shares during the period. Eagle Asset Management Inc. owned about 0.53% of Ryan Specialty worth $98,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hollencrest Capital Management acquired a new position in Ryan Specialty in the 3rd quarter valued at $25,000. Assetmark Inc. purchased a new position in Ryan Specialty during the third quarter worth about $34,000. GAMMA Investing LLC boosted its stake in Ryan Specialty by 96.4% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company's stock worth $35,000 after buying an additional 297 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Ryan Specialty in the 2nd quarter valued at about $39,000. Finally, Rothschild Investment LLC acquired a new position in shares of Ryan Specialty during the 2nd quarter valued at about $87,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 5,375 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $64.73, for a total transaction of $347,923.75. Following the sale, the director now owns 2,685 shares in the company, valued at $173,800.05. This represents a 66.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $71.39, for a total value of $1,055,858.10. Following the completion of the transaction, the executive vice president now owns 12,386 shares of the company's stock, valued at approximately $884,236.54. The trade was a 54.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,490 shares of company stock valued at $1,553,977 over the last ninety days. Corporate insiders own 11.10% of the company's stock.

Ryan Specialty Stock Up 3.4 %

RYAN stock traded up $2.43 during trading on Friday, reaching $74.16. The stock had a trading volume of 467,238 shares, compared to its average volume of 867,418. The firm has a fifty day moving average price of $68.88 and a 200 day moving average price of $62.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $19.42 billion, a P/E ratio of 93.16, a PEG ratio of 1.60 and a beta of 0.62. Ryan Specialty Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $74.53.

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

Ryan Specialty Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.59%. Ryan Specialty's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RYAN. JPMorgan Chase & Co. raised their target price on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an "underweight" rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their price target on shares of Ryan Specialty from $64.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Bank of America upped their price objective on Ryan Specialty from $75.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. UBS Group raised their price target on shares of Ryan Specialty from $67.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their price target 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $71.67.

About Ryan Specialty

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.