Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,799,130 shares of the company's stock after purchasing an additional 46,960 shares during the period. Geode Capital Management LLC owned 0.69% of Ryan Specialty worth $115,468,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in shares of Ryan Specialty in the fourth quarter worth $27,000. Principal Securities Inc. boosted its position in shares of Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after acquiring an additional 415 shares during the last quarter. Quarry LP increased its position in Ryan Specialty by 109.3% in the third quarter. Quarry LP now owns 808 shares of the company's stock worth $54,000 after purchasing an additional 422 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Ryan Specialty during the fourth quarter valued at $54,000. Finally, R Squared Ltd bought a new stake in shares of Ryan Specialty in the 4th quarter worth about $92,000. Institutional investors own 84.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company cut their price objective on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday. UBS Group upped their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Barclays decreased their price objective on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday. Finally, TD Cowen initiated coverage on Ryan Specialty in a research note on Thursday. They set a "buy" rating and a $89.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $75.67.

Ryan Specialty Stock Up 1.1 %

Shares of RYAN traded up $0.77 during midday trading on Monday, hitting $73.58. 36,734 shares of the company's stock traded hands, compared to its average volume of 938,448. Ryan Specialty Holdings, Inc. has a 1 year low of $48.48 and a 1 year high of $77.16. The firm's fifty day moving average is $70.05 and its 200-day moving average is $68.88. 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 stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 106.63, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 48.01% and a net margin of 9.14%. As a group, sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.12 per share. This is a positive change from Ryan Specialty's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, March 4th. Ryan Specialty's dividend payout ratio is presently 69.57%.

Insider Activity at Ryan Specialty

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $65.99, for a total transaction of $2,309,650.00. Following the completion of the sale, the director now directly owns 35,609 shares of the company's stock, valued at approximately $2,349,837.91. This trade represents a 49.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,894 shares of company stock worth $14,089,370 in the last 90 days. Corporate insiders own 11.10% of the company's stock.

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.