HighTower Advisors LLC Has $2.66 Million Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

HighTower Advisors LLC boosted its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 101.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,969 shares of the company's stock after buying an additional 20,139 shares during the quarter. HighTower Advisors LLC's holdings in Ryan Specialty were worth $2,661,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RYAN. SG Americas Securities LLC increased its holdings in shares of Ryan Specialty by 327.9% during the second quarter. SG Americas Securities LLC now owns 19,481 shares of the company's stock worth $1,128,000 after buying an additional 14,928 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Ryan Specialty during the 2nd quarter valued at $1,668,000. Retirement Systems of Alabama bought a new position in Ryan Specialty in the 2nd quarter valued at $7,316,000. Bank of New York Mellon Corp raised its position in Ryan Specialty by 132.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company's stock valued at $48,425,000 after purchasing an additional 476,126 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new position in Ryan Specialty in the second quarter worth $1,621,000. 84.82% of the stock is currently owned by institutional investors.

Insider Activity at Ryan Specialty

In other news, Director David P. Bolger sold 7,055 shares of Ryan Specialty stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $70.88, for a total transaction of $500,058.40. Following the transaction, the director now owns 78,149 shares in the company, valued at $5,539,201.12. The trade was a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Stephen Katz sold 14,790 shares of the 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 sale, the executive vice president now directly owns 12,386 shares of the company's stock, valued at approximately $884,236.54. The trade was a 54.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.10% of the company's stock.

Ryan Specialty Trading Up 0.1 %

Shares of Ryan Specialty stock traded up $0.06 on Friday, hitting $67.60. 752,931 shares of the company's stock traded hands, compared to its average volume of 868,149. Ryan Specialty Holdings, Inc. has a one year low of $41.49 and a one year high of $75.97. 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 $17.70 billion, a PE ratio of 87.79, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The firm's 50-day moving average price is $70.87 and its two-hundred day moving average price is $64.49.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, research analysts expect that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, November 12th. Ryan Specialty's dividend payout ratio is currently 57.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley began coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an "overweight" rating and a $90.00 price target for the company. Wells Fargo & Company raised their price objective 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. Bank of America upped their target price 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. The Goldman Sachs Group raised 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. Finally, BMO Capital Markets upgraded shares of Ryan Specialty from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $73.50.

Ryan Specialty Company 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.