13,380 Shares in Ryan Specialty Holdings, Inc. (NYSE:RYAN) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,380 shares of the company's stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RYAN. Principal Financial Group Inc. raised its holdings in shares of Ryan Specialty by 148.9% in the 3rd quarter. Principal Financial Group Inc. now owns 851,704 shares of the company's stock valued at $56,545,000 after purchasing an additional 509,548 shares during the period. Bank of New York Mellon Corp raised its stake 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 acquiring an additional 476,126 shares during the period. Jennison Associates LLC lifted its holdings in Ryan Specialty by 60.2% during the 3rd quarter. Jennison Associates LLC now owns 1,025,063 shares of the company's stock valued at $68,054,000 after purchasing an additional 385,366 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Ryan Specialty by 32.1% in the third quarter. Eagle Asset Management Inc. now owns 1,380,510 shares of the company's stock valued at $98,555,000 after purchasing an additional 335,180 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ryan Specialty by 43.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 938,187 shares of the company's stock worth $62,286,000 after buying an additional 286,380 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Insiders Place Their Bets

In related news, Director David P. Bolger sold 7,055 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $70.88, for a total transaction of $500,058.40. Following the completion of the transaction, the director now directly owns 78,149 shares in the company, valued at $5,539,201.12. This represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Stephen Katz sold 14,790 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the sale, the executive vice president now owns 12,386 shares in the company, valued at $884,236.54. This represents a 54.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.10% of the company's stock.

Ryan Specialty Price Performance

Shares of NYSE RYAN traded up $0.06 during mid-day trading on Friday, reaching $67.60. The company had a trading volume of 752,931 shares, compared to its average volume of 868,149. The firm has a market cap of $17.70 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 1.54 and a beta of 0.67. The business's 50-day simple moving average is $70.87 and its 200 day simple moving average is $64.49. 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 quick ratio of 1.01 and a current ratio of 1.01.

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

Ryan Specialty Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on RYAN. Bank of America upped their price target on shares of Ryan Specialty from $75.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Morgan Stanley started coverage on Ryan Specialty in a research report on Thursday, December 5th. They issued an "overweight" rating and a $90.00 target price on the stock. Barclays lifted their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. BMO Capital Markets upgraded Ryan Specialty from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $65.00 to $75.00 in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their target price on Ryan Specialty from $63.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.50.

Ryan Specialty 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.