TD Asset Management Inc Makes New $611,000 Investment in Ryan Specialty Holdings Inc. $RYAN

TD Asset Management Inc acquired a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,990 shares of the company’s stock, valued at approximately $611,000.

A number of other institutional investors have also recently bought and sold shares of RYAN. Whittier Trust Co. of Nevada Inc. boosted its position in Ryan Specialty by 281.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after acquiring an additional 245 shares during the period. SVB Wealth LLC acquired a new stake in shares of Ryan Specialty during the 1st quarter valued at about $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Ryan Specialty during the 2nd quarter valued at about $31,000. WPG Advisers LLC acquired a new stake in shares of Ryan Specialty during the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Ryan Specialty during the 1st quarter valued at about $35,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Chairman Patrick G. Ryan acquired 276,634 shares of Ryan Specialty stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $51.84 per share, with a total value of $14,340,706.56. Following the completion of the transaction, the chairman owned 13,699,959 shares of the company’s stock, valued at $710,205,874.56. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 52.21% of the company’s stock.

Ryan Specialty Stock Up 0.3%

Shares of Ryan Specialty stock opened at $53.11 on Friday. Ryan Specialty Holdings Inc. has a 12-month low of $50.08 and a 12-month high of $77.16. The stock has a market capitalization of $14.00 billion, a P/E ratio of 151.73, a PEG ratio of 1.46 and a beta of 0.63. The stock has a 50 day moving average price of $55.31 and a two-hundred day moving average price of $62.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.88.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The company had revenue of $855.17 million during the quarter, compared to analysts’ expectations of $837.52 million. During the same period in the prior year, the business earned $0.58 earnings per share. Ryan Specialty’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts expect that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Ryan Specialty’s dividend payout ratio is currently 137.14%.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several research reports. UBS Group reduced their price target on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Citigroup initiated coverage on Ryan Specialty in a report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price target for the company. Barclays reiterated an “overweight” rating and set a $70.00 price target on shares of Ryan Specialty in a report on Wednesday, October 8th. Wall Street Zen upgraded Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating for the company in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.08.

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.