Geneva Capital Management LLC Purchases 17,442 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Geneva Capital Management LLC raised its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 516,416 shares of the company's stock after purchasing an additional 17,442 shares during the period. Geneva Capital Management LLC owned 0.20% of Ryan Specialty worth $34,285,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in shares of Ryan Specialty by 57.3% in the first quarter. Janney Montgomery Scott LLC now owns 12,136 shares of the company's stock valued at $674,000 after acquiring an additional 4,421 shares during the period. Swiss National Bank raised its stake in shares of Ryan Specialty by 1.7% in the 1st quarter. Swiss National Bank now owns 198,400 shares of the company's stock valued at $11,011,000 after buying an additional 3,300 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Ryan Specialty during the first quarter worth about $228,000. Entropy Technologies LP grew its stake in shares of Ryan Specialty by 24.9% in the 1st quarter. Entropy Technologies LP now owns 39,695 shares of the company's stock valued at $2,203,000 after purchasing an additional 7,909 shares during the period. Finally, Blair William & Co. IL raised its holdings in shares of Ryan Specialty by 2.6% in the 1st quarter. Blair William & Co. IL now owns 2,771,340 shares of the company's stock worth $153,809,000 after buying an additional 71,024 shares in the last quarter. Institutional investors own 84.82% of the company's stock.

Ryan Specialty Trading Down 0.1 %

Shares of RYAN stock traded down $0.05 on Wednesday, reaching $71.60. 154,149 shares of the stock were exchanged, compared to its average volume of 875,190. The stock has a 50 day moving average price of $67.85 and a 200 day moving average price of $61.53. The stock has a market cap of $18.75 billion, a PE ratio of 93.29, a P/E/G ratio of 1.63 and a beta of 0.62. Ryan Specialty Holdings, Inc. has a one year low of $41.49 and a one year high of $73.10. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The company 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 EPS. The company's revenue was up 20.5% compared to the same quarter last year. Equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 12th. Ryan Specialty's dividend payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RYAN. Wells Fargo & Company upped their price target on Ryan Specialty from $63.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. UBS Group increased their target price on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. BMO Capital Markets upgraded shares of 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 report on Tuesday, September 24th. Bank of America raised their price objective on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Citigroup boosted their target price on Ryan Specialty from $56.00 to $62.00 and gave the stock a "neutral" rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $70.33.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 1,500 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.02, for a total transaction of $97,530.00. Following the transaction, the director now owns 25,123 shares in the company, valued at approximately $1,633,497.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Nicholas Dominic Cortezi sold 1,500 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.02, for a total value of $97,530.00. Following the completion of the transaction, the director now owns 25,123 shares of the company's stock, valued at $1,633,497.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,055,858.10. Following the sale, the executive vice president now directly owns 12,386 shares in the company, valued at $884,236.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,693 shares of company stock worth $6,306,023. Insiders own 11.10% of the company's stock.

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.