13,394 Shares in Ryan Specialty Holdings, Inc. (NYSE:RYAN) Acquired by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,394 shares of the company's stock, valued at approximately $859,000.

Several other institutional investors also recently made changes to their positions in RYAN. Rakuten Securities Inc. purchased a new position in Ryan Specialty in the 4th quarter valued at approximately $27,000. Principal Securities Inc. grew its holdings in Ryan Specialty by 164.7% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after purchasing an additional 415 shares during the last quarter. Quarry LP increased its position in shares of Ryan Specialty by 109.3% in the third quarter. Quarry LP now owns 808 shares of the company's stock valued at $54,000 after buying an additional 422 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryan Specialty in the fourth quarter valued at $54,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Ryan Specialty by 26.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company's stock worth $91,000 after buying an additional 286 shares during the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryan Specialty

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction on Friday, March 14th. The shares were 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 is accessible 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 shares were sold at an average price of $65.06, for a total transaction of $1,917,057.96. Following the completion of the transaction, the director now directly owns 45,409 shares in the company, valued at approximately $2,954,309.54. This represents a 39.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 241,360 shares of company stock worth $16,006,428. 11.10% of the stock is owned by insiders.

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Analyst Ratings Changes

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

Ryan Specialty Trading Up 0.1 %

RYAN traded up $0.05 during midday trading on Tuesday, hitting $72.43. The company's stock had a trading volume of 955,159 shares, compared to its average volume of 910,196. Ryan Specialty Holdings, Inc. has a 52-week low of $48.48 and a 52-week high of $75.97. The firm has a 50-day moving average price of $68.39 and a two-hundred day moving average price of $68.13. 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 firm has a market cap of $18.97 billion, a P/E ratio of 104.97, a PEG ratio of 1.19 and a beta of 0.71.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The company had revenue of $663.53 million during the quarter, compared to analysts' expectations of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Ryan Specialty's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 4th. Ryan Specialty's dividend payout ratio is presently 69.57%.

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.