Vanguard Group Inc. Boosts Stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Vanguard Group Inc. grew its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,880,504 shares of the company's stock after purchasing an additional 529,631 shares during the quarter. Vanguard Group Inc. owned approximately 3.77% of Ryan Specialty worth $633,933,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RYAN. Rakuten Securities Inc. bought a new position 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% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company's stock valued at $43,000 after purchasing an additional 415 shares in the last quarter. Quarry LP grew its holdings in shares of Ryan Specialty by 109.3% during the 3rd 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 purchased a new position in Ryan Specialty in the 4th quarter worth $54,000. Finally, R Squared Ltd bought a new stake in Ryan Specialty in the fourth quarter worth $92,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RYAN. Keefe, Bruyette & Woods reduced their price objective on Ryan Specialty from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada reduced their price target 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. UBS Group boosted their price objective on Ryan Specialty from $82.00 to $84.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Wells Fargo & Company raised their target price 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. Finally, Morgan Stanley began coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They set an "overweight" rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $75.27.

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Ryan Specialty Trading Up 1.8 %

Shares of NYSE RYAN traded up $1.33 during midday trading on Wednesday, hitting $75.14. 1,360,986 shares of the company traded hands, compared to its average volume of 932,904. 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 Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $78.67. The stock has a 50-day moving average price of $69.03 and a 200 day moving average price of $68.46. The firm has a market cap of $19.68 billion, a P/E ratio of 108.90, a P/E/G ratio of 1.19 and a beta of 0.71.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $658.80 million. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.12 per share. 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 yield of 0.64%. The ex-dividend date of this dividend was Tuesday, March 4th. Ryan Specialty's dividend payout ratio (DPR) is 69.57%.

Insiders Place Their Bets

In other news, Director Nicholas Dominic Cortezi sold 10,485 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 11,109 shares in the company, valued at $723,418.08. This trade represents a 48.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction dated 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. Over the last quarter, insiders have sold 241,360 shares of company stock worth $16,006,428. 11.10% of the stock is currently owned by company insiders.

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.