Federated Hermes Inc. Acquires 67,310 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Federated Hermes Inc. boosted its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 656,963 shares of the company's stock after acquiring an additional 67,310 shares during the quarter. Federated Hermes Inc. owned 0.25% of Ryan Specialty worth $42,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rakuten Securities Inc. bought a new stake in Ryan Specialty during the fourth quarter valued at approximately $27,000. Principal Securities Inc. boosted its stake in shares of Ryan Specialty by 164.7% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after acquiring an additional 415 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in shares of Ryan Specialty during the 4th quarter valued at $49,000. Headlands Technologies LLC increased its stake in shares of Ryan Specialty by 2,644.8% in the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock worth $51,000 after purchasing an additional 767 shares in the last quarter. Finally, Quarry LP raised its holdings in Ryan Specialty by 109.3% in the 3rd quarter. Quarry LP now owns 808 shares of the company's stock worth $54,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada cut their price target on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Wells Fargo & Company cut their price objective on Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Thursday. TD Cowen began coverage on shares of Ryan Specialty in a research note on Thursday. They set a "buy" rating and a $89.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, UBS Group raised their price objective on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Ryan Specialty currently has a consensus rating of "Hold" and an average target price of $75.67.

Ryan Specialty Price Performance

RYAN stock traded up $0.81 during mid-day trading on Friday, hitting $72.76. The company had a trading volume of 929,680 shares, compared to its average volume of 941,983. The company has a 50-day moving average price of $70.05 and a 200 day moving average price of $68.88. Ryan Specialty Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $77.16. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 105.45, a P/E/G ratio of 1.19 and a beta of 0.66. 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 posted its earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The firm had revenue of $663.53 million during the quarter, compared to analysts' expectations of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 4th. This is a positive change 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 0.66%. Ryan Specialty's dividend payout ratio (DPR) is 69.57%.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $65.99, for a total transaction of $2,309,650.00. Following the sale, the director now directly owns 35,609 shares in the company, valued at $2,349,837.91. This represents a 49.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $69.30, for a total value of $2,079,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 241,360 shares of company stock valued at $16,006,428 over the last 90 days. 11.10% of the stock is owned by corporate insiders.

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.