Twinbeech Capital LP Decreases Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Twinbeech Capital LP cut its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 45.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,637 shares of the company’s stock after selling 56,270 shares during the quarter. Twinbeech Capital LP’s holdings in Ryan Specialty were worth $4,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RYAN. Rakuten Securities Inc. purchased a new position in Ryan Specialty in the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new position in Ryan Specialty in the 4th quarter worth approximately $36,000. Principal Securities Inc. lifted its stake 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. Mizuho Bank Ltd. purchased a new position in Ryan Specialty in the 4th quarter worth approximately $49,000. Finally, Headlands Technologies LLC lifted its stake in 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. 84.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada decreased their target price on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Barclays decreased their target price on shares of Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, UBS Group raised their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.58.

Ryan Specialty Stock Up 0.4%

Ryan Specialty stock opened at $70.60 on Wednesday. Ryan Specialty Holdings, Inc. has a fifty-two week low of $52.34 and a fifty-two week high of $77.16. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50 day moving average price of $70.22 and a 200 day moving average price of $68.78. The company has a market capitalization of $18.53 billion, a PE ratio of 102.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $690.17 million during the quarter, compared to the consensus estimate of $680.80 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. Research analysts expect that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.48 annualized dividend and a yield of 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is presently 141.18%.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.10% of the stock is owned by insiders.

Ryan Specialty 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.