Los Angeles Capital Management LLC Makes New Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Los Angeles Capital Management LLC purchased a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 161,912 shares of the company’s stock, valued at approximately $10,749,000.

Several other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in Ryan Specialty during the 3rd quarter worth about $25,000. Assetmark Inc. bought a new position in shares of Ryan Specialty in the 3rd quarter worth $34,000. GAMMA Investing LLC grew its holdings in shares of Ryan Specialty by 96.4% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after buying an additional 297 shares during the last quarter. Crewe Advisors LLC bought a new stake in Ryan Specialty during the 2nd quarter worth approximately $39,000. Finally, Rothschild Investment LLC purchased a new stake in Ryan Specialty in the 2nd quarter valued at $87,000. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on RYAN shares. Citigroup boosted their price objective on Ryan Specialty from $56.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Barclays assumed coverage on shares of Ryan Specialty in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 price target on the stock. UBS Group raised their price target on Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group raised their target price on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and upped their price target for the company from $65.00 to $75.00 in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.33.

Ryan Specialty Trading Up 0.5 %

Shares of RYAN opened at $71.77 on Tuesday. Ryan Specialty Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $73.10. The company has a market capitalization of $18.79 billion, a P/E ratio of 93.21, a P/E/G ratio of 1.62 and a beta of 0.62. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50 day simple moving average is $67.71 and its 200 day simple moving average is $61.37.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $602.04 million. During the same period in the previous year, the firm posted $0.32 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. Sell-side analysts forecast that Ryan Specialty Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.61%. Ryan Specialty’s dividend payout ratio is 57.14%.

Insider Buying and Selling

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 5,375 shares of Ryan Specialty stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $64.73, for a total transaction of $347,923.75. Following the transaction, the director now directly owns 2,685 shares of the company’s stock, valued at approximately $173,800.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Nicholas Dominic Cortezi sold 5,375 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $64.73, for a total value of $347,923.75. Following the completion of the sale, the director now owns 2,685 shares of the company’s stock, valued at approximately $173,800.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeremiah Rawlins Bickham sold 26,233 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $65.18, for a total value of $1,709,866.94. Following the transaction, the executive vice president now owns 24,845 shares in the company, valued at approximately $1,619,397.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,136 shares of company stock worth $6,960,032 in the last quarter. 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.