Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 76.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,158 shares of the company’s stock after selling 3,670 shares during the period. Signaturefd LLC’s holdings in Ryan Specialty were worth $50,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RYAN. PNC Financial Services Group Inc. grew its stake in Ryan Specialty by 192.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after acquiring an additional 361 shares in the last quarter. Operose Advisors LLC purchased a new stake in Ryan Specialty during the 3rd quarter valued at about $92,000. First Horizon Advisors Inc. grew its stake in Ryan Specialty by 27.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company’s stock valued at $117,000 after acquiring an additional 521 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in Ryan Specialty during the 3rd quarter valued at about $212,000. Finally, UMB Bank n.a. grew its stake in Ryan Specialty by 81.2% during the 4th quarter. UMB Bank n.a. now owns 4,968 shares of the company’s stock valued at $214,000 after acquiring an additional 2,226 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Stock Up 1.0 %

Ryan Specialty stock opened at $52.94 on Friday. Ryan Specialty Holdings, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $56.51. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day moving average price of $52.35 and a 200 day moving average price of $47.01. The company has a market capitalization of $13.77 billion, a PE ratio of 103.80 and a beta of 0.58.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The firm had revenue of $532.90 million during the quarter, compared to the consensus estimate of $524.08 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Research analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio is presently 86.28%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RYAN shares. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. JPMorgan Chase & Co. increased their price target on shares of Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price target on shares of Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup increased their price target on shares of Ryan Specialty from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.25.

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.