XTX Topco Ltd Acquires 14,420 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

XTX Topco Ltd raised its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN - Free Report) by 312.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,033 shares of the company's stock after purchasing an additional 14,420 shares during the quarter. XTX Topco Ltd's holdings in Ryan Specialty were worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Ryan Specialty during the fourth quarter worth $27,000. Principal Securities Inc. lifted its holdings 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 buying an additional 415 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in Ryan Specialty in the 4th quarter worth $49,000. Headlands Technologies LLC boosted its position in Ryan Specialty by 2,644.8% in the 4th quarter. Headlands Technologies LLC now owns 796 shares of the company's stock valued at $51,000 after buying an additional 767 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryan Specialty during the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Insider Transactions at Ryan Specialty

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 31,409 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total value of $2,061,686.76. Following the completion of the sale, the director now directly owns 2,697 shares in the company, valued at approximately $177,031.08. This represents a 92.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 141,894 shares of company stock valued at $9,429,470. Company insiders own 11.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on RYAN. Royal Bank of Canada reduced 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. UBS Group raised their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. TD Cowen started coverage on Ryan Specialty in a report on Thursday, April 10th. They set a "buy" rating and a $89.00 target price on the stock. Barclays dropped their target price on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company reduced their price target on shares of Ryan Specialty from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $75.67.

Ryan Specialty Stock Performance

RYAN stock traded down $1.46 during trading on Friday, reaching $70.63. 967,494 shares of the stock were exchanged, compared to its average volume of 942,994. The stock has a 50 day simple moving average of $70.38 and a 200-day simple moving average of $69.02. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $18.50 billion, a P/E ratio of 102.37, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66. Ryan Specialty Holdings, Inc. has a twelve month low of $48.48 and a twelve month high of $77.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $663.53 million for the quarter, compared to the consensus estimate of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a $0.12 dividend. This is a boost from Ryan Specialty's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. Ryan Specialty's dividend payout ratio is currently 69.57%.

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.