Blair William & Co. IL Has $177.46 Million Stock Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Blair William & Co. IL grew its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,765,963 shares of the company's stock after buying an additional 16,540 shares during the period. Blair William & Co. IL owned about 1.06% of Ryan Specialty worth $177,464,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RYAN. Rakuten Securities Inc. bought a new stake in shares of Ryan Specialty during the 4th quarter valued at about $27,000. Principal Securities Inc. boosted its stake 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 acquiring an additional 415 shares during the period. Quarry LP grew its holdings in shares of Ryan Specialty by 109.3% during the third quarter. Quarry LP now owns 808 shares of the company's stock valued at $54,000 after purchasing an additional 422 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryan Specialty during the 4th quarter worth approximately $54,000. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Ryan Specialty by 26.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company's stock worth $91,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 84.82% of the company's stock.

Insiders Place Their Bets

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 29,466 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $65.06, for a total value of $1,917,057.96. Following the completion of the transaction, the director now directly owns 45,409 shares in the company, valued at $2,954,309.54. This trade represents a 39.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brendan Martin Mulshine sold 30,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. 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.

Remove Ads

Ryan Specialty Price Performance

Shares of RYAN stock traded up $1.13 during mid-day trading on Monday, hitting $74.06. 253,347 shares of the stock traded hands, compared to its average volume of 927,547. Ryan Specialty Holdings, Inc. has a twelve month low of $48.48 and a twelve month 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. The company's 50-day simple moving average is $68.74 and its 200-day simple moving average is $68.32. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 107.45, a price-to-earnings-growth 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). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The firm had revenue of $663.53 million for the quarter, compared to analyst estimates of $658.80 million. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors 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 yield of 0.65%. This is a boost 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 (DPR) is presently 69.57%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RYAN shares. Royal Bank of Canada dropped their target price on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company increased their price objective on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Keefe, Bruyette & Woods reduced their target price on shares of Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. UBS Group raised their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley began coverage on Ryan Specialty in a report on Thursday, December 5th. They set an "overweight" rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Ryan Specialty has an average rating of "Hold" and an average price target of $75.27.

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.