Wallace Advisory Group LLC Lowers Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Wallace Advisory Group LLC lowered its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,301 shares of the company’s stock after selling 476 shares during the period. Wallace Advisory Group LLC’s holdings in Ryan Specialty were worth $551,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC raised its holdings in Ryan Specialty by 12.3% in the 3rd quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock valued at $89,000 after acquiring an additional 148 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Ryan Specialty by 5.2% in the 3rd quarter. UMB Bank n.a. now owns 5,224 shares of the company’s stock valued at $347,000 after buying an additional 256 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Ryan Specialty by 26.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock valued at $91,000 after buying an additional 286 shares during the period. Cooper Financial Group grew its stake in shares of Ryan Specialty by 9.9% in the 4th quarter. Cooper Financial Group now owns 3,808 shares of the company’s stock valued at $244,000 after buying an additional 342 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $25,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RYAN shares. Keefe, Bruyette & Woods dropped their price target on shares of Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday. Bank of America increased their price objective on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays raised their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Morgan Stanley started coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $75.00.

Insider Activity

In other news, EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $71.39, for a total value of $1,055,858.10. Following the sale, the executive vice president now owns 12,386 shares of the company’s stock, valued at $884,236.54. The trade was a 54.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David P. Bolger sold 7,055 shares of Ryan Specialty stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $70.88, for a total transaction of $500,058.40. Following the completion of the sale, the director now directly owns 78,149 shares in the company, valued at approximately $5,539,201.12. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,936 shares of company stock valued at $8,536,282 over the last quarter. Corporate insiders own 11.10% of the company’s stock.

Ryan Specialty Trading Up 3.8 %

Shares of Ryan Specialty stock opened at $64.90 on Tuesday. Ryan Specialty Holdings, Inc. has a 1 year low of $42.21 and a 1 year high of $75.97. 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 company has a market capitalization of $16.99 billion, a P/E ratio of 84.29, a PEG ratio of 1.52 and a beta of 0.72. The company’s fifty day moving average is $68.24 and its two-hundred day moving average is $65.74.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The company had revenue of $604.69 million for the quarter, compared to the consensus estimate of $602.04 million. During the same period last year, the firm posted $0.32 EPS. Ryan Specialty’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts forecast that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s payout ratio is 57.14%.

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.