Ryan Specialty Holdings Inc. $RYAN Shares Acquired by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC increased its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,120 shares of the company’s stock after purchasing an additional 20,920 shares during the period. Ryan Specialty accounts for 1.4% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 25th largest position. Waters Parkerson & CO. LLC’s holdings in Ryan Specialty were worth $28,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MAI Capital Management boosted its holdings in shares of Ryan Specialty by 65.3% during the second quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after acquiring an additional 188 shares during the period. Baker Tilly Wealth Management LLC lifted its position in Ryan Specialty by 5.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $203,000 after purchasing an additional 192 shares during the last quarter. ProShare Advisors LLC boosted its stake in Ryan Specialty by 5.2% during the 2nd quarter. ProShare Advisors LLC now owns 4,772 shares of the company’s stock valued at $324,000 after purchasing an additional 238 shares during the period. Securian Asset Management Inc. boosted its stake in Ryan Specialty by 2.9% during the 3rd quarter. Securian Asset Management Inc. now owns 8,438 shares of the company’s stock valued at $476,000 after purchasing an additional 241 shares during the period. Finally, Wealth Alliance LLC grew its position in Ryan Specialty by 6.4% in the 2nd quarter. Wealth Alliance LLC now owns 4,371 shares of the company’s stock worth $297,000 after purchasing an additional 263 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ryan Specialty news, CEO Timothy William Turner sold 129,570 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the transaction, the chief executive officer owned 12,553 shares of the company’s stock, valued at approximately $672,966.33. This represents a 91.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RYAN shares. TD Cowen reduced their price objective on Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Cantor Fitzgerald cut their target price on Ryan Specialty from $63.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays decreased their price target on Ryan Specialty from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. BMO Capital Markets cut their price objective on shares of Ryan Specialty from $70.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Morgan Stanley set a $61.00 price objective on shares of Ryan Specialty in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ryan Specialty has an average rating of “Moderate Buy” and an average target price of $64.19.

Ryan Specialty Stock Up 1.5%

RYAN opened at $51.50 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $13.59 billion, a PE ratio of 111.96, a P/E/G ratio of 1.23 and a beta of 0.63. The stock’s fifty day moving average is $54.08 and its 200-day moving average is $56.58. Ryan Specialty Holdings Inc. has a one year low of $49.88 and a one year high of $77.16.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The firm had revenue of $754.58 million for the quarter, compared to analyst estimates of $742.35 million. During the same period in the previous year, the company earned $0.41 earnings per share. Ryan Specialty’s revenue was up 24.8% compared to the same quarter last year. On average, equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 0.9%. Ryan Specialty’s dividend payout ratio is currently 104.35%.

About Ryan Specialty

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.