Pacer Advisors Inc. Grows Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Pacer Advisors Inc. boosted its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 95.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,098 shares of the company's stock after purchasing an additional 14,173 shares during the period. Pacer Advisors Inc.'s holdings in Ryan Specialty were worth $1,867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC purchased a new position in shares of Ryan Specialty during the second quarter worth about $261,000. The Manufacturers Life Insurance Company grew its stake in shares of Ryan Specialty by 295.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 92,718 shares of the company's stock valued at $5,369,000 after purchasing an additional 69,253 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ryan Specialty by 1,688.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,844 shares of the company's stock valued at $165,000 after purchasing an additional 2,685 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Ryan Specialty during the second quarter worth approximately $1,176,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Ryan Specialty during the second quarter worth $802,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RYAN has been the topic of several recent research reports. Barclays boosted their price objective on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. The Goldman Sachs Group increased their price target on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price objective on Ryan Specialty from $79.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Morgan Stanley assumed coverage on Ryan Specialty in a research note on Thursday, December 5th. They set an "overweight" rating and a $90.00 target price for the company. Finally, Bank of America lifted their price target on Ryan Specialty from $75.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Ryan Specialty has an average rating of "Hold" and an average target price of $74.40.

Insider Transactions at Ryan Specialty

In other news, EVP Mark Stephen Katz sold 14,790 shares of the firm'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 sale, the executive vice president now owns 12,386 shares in the company, valued at $884,236.54. This trade represents a 54.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nicholas Dominic Cortezi sold 31,409 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total value of $2,061,686.76. Following the completion of the transaction, the director now owns 2,697 shares of the company's stock, valued at $177,031.08. The trade was a 92.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,296 shares of company stock valued at $22,463,709 over the last three months. 11.10% of the stock is currently owned by insiders.

Ryan Specialty Price Performance

RYAN stock traded up $0.36 on Wednesday, reaching $68.81. The company had a trading volume of 774,262 shares, compared to its average volume of 1,009,224. The company's fifty day moving average is $66.52 and its 200 day moving average is $66.72. The company has a market cap of $18.02 billion, a P/E ratio of 89.37, a PEG ratio of 1.16 and a beta of 0.72. 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 1 year low of $42.34 and a 1 year high of $75.97.

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.