American Century Companies Inc. Lowers Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

American Century Companies Inc. lessened its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,134,284 shares of the company's stock after selling 12,263 shares during the quarter. American Century Companies Inc. owned about 0.43% of Ryan Specialty worth $72,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new stake in Ryan Specialty during the fourth quarter worth about $27,000. Principal Securities Inc. boosted its position in Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock worth $43,000 after purchasing an additional 415 shares in the last quarter. Quarry LP grew its stake in shares of Ryan Specialty by 109.3% during 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. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryan Specialty during the 4th quarter valued at approximately $54,000. Finally, Loomis Sayles & Co. L P lifted its stake 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 valued at $91,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 84.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RYAN shares. Royal Bank of Canada dropped their price target on shares of 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. Morgan Stanley assumed coverage on Ryan Specialty in a research report on Thursday, December 5th. They set an "overweight" rating and a $90.00 target price on the stock. Wells Fargo & Company upped their price target on 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 dropped their price objective on Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ryan Specialty currently has a consensus rating of "Hold" and an average price target of $75.27.

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Ryan Specialty Price Performance

Shares of NYSE:RYAN traded up $0.15 during midday trading on Friday, hitting $72.98. The company's stock had a trading volume of 860,892 shares, compared to its average volume of 930,027. The company has a market cap of $19.11 billion, a P/E ratio of 105.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.71. Ryan Specialty Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $75.97. The business's 50 day simple moving average is $68.74 and its 200 day simple moving average is $68.28. 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 released its earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The business 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, analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.48 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Ryan Specialty's previous quarterly dividend of $0.11. Ryan Specialty's payout ratio is 69.57%.

Insider Buying and Selling at Ryan Specialty

In related news, EVP Brendan Martin Mulshine sold 30,000 shares of the company's 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nicholas Dominic Cortezi sold 29,466 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was 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 owns 45,409 shares of the company's stock, valued at $2,954,309.54. The trade was a 39.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 241,360 shares of company stock worth $16,006,428 in the last three months. 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.