LPL Financial LLC Grows Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

LPL Financial LLC boosted its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 32,864 shares of the company's stock after acquiring an additional 5,297 shares during the quarter. LPL Financial LLC's holdings in Ryan Specialty were worth $2,109,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in Ryan Specialty in the fourth quarter valued at $27,000. Principal Securities Inc. boosted its stake in shares of Ryan Specialty by 164.7% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after buying an additional 415 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ryan Specialty during the fourth quarter worth about $54,000. R Squared Ltd purchased a new position in Ryan Specialty during the fourth quarter valued at approximately $92,000. Finally, Jones Financial Companies Lllp lifted its holdings in Ryan Specialty by 982.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,450 shares of the company's stock valued at $93,000 after acquiring an additional 1,316 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYAN has been the topic of a number of analyst reports. TD Cowen began coverage on shares of Ryan Specialty in a research note on Thursday, April 10th. They set a "buy" rating and a $89.00 price objective on the stock. 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 report on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target 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. UBS Group upped their target price on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada cut their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $75.67.

Insider Activity

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas Dominic Cortezi sold 10,485 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $65.12, for a total transaction of $682,783.20. Following the sale, the director now owns 11,109 shares in the company, valued at approximately $723,418.08. This trade represents a 48.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,894 shares of company stock valued at $9,429,470. Company insiders own 11.10% of the company's stock.

Ryan Specialty Trading Down 2.0 %

Shares of RYAN traded down $1.46 during midday trading on Friday, reaching $70.63. The company had a trading volume of 967,494 shares, compared to its average volume of 942,994. Ryan Specialty Holdings, Inc. has a 1-year low of $48.48 and a 1-year high of $77.16. The stock has a market cap of $18.50 billion, a PE ratio of 102.37, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66. The firm has a 50 day simple moving average of $70.38 and a 200-day simple moving average of $69.02. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly 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 firm had revenue of $663.53 million for 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%. Research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This is a boost from Ryan Specialty's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. Ryan Specialty's dividend payout ratio (DPR) is currently 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.