Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stake Lessened by Townsquare Capital LLC

Townsquare Capital LLC lessened its stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,715 shares of the company’s stock after selling 14,227 shares during the period. Townsquare Capital LLC owned about 0.09% of Ryan Specialty worth $16,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RYAN. FMR LLC grew its position in shares of Ryan Specialty by 72.3% during the third quarter. FMR LLC now owns 12,875 shares of the company’s stock worth $855,000 after acquiring an additional 5,402 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Ryan Specialty by 34.8% during the third quarter. Quantbot Technologies LP now owns 107,418 shares of the company’s stock worth $7,131,000 after acquiring an additional 27,732 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Ryan Specialty by 26.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock worth $91,000 after acquiring an additional 286 shares during the last quarter. SevenBridge Financial Group LLC bought a new position in shares of Ryan Specialty during the third quarter worth about $438,000. Finally, Great Valley Advisor Group Inc. bought a new position in shares of Ryan Specialty during the third quarter worth about $346,000. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of NYSE RYAN opened at $75.10 on Wednesday. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $75.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 97.53, a PEG ratio of 1.69 and a beta of 0.62. The firm has a 50-day moving average of $69.27 and a two-hundred day moving average of $62.80.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting 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 prior year, the company earned $0.32 EPS. Ryan Specialty’s revenue was up 20.5% on a year-over-year basis. As a group, analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, November 12th. Ryan Specialty’s payout ratio is 57.14%.

Analyst Ratings Changes

Several research firms have recently commented on RYAN. Bank of America upped their price target 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. UBS Group upped their price target on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group upped their price objective on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Barclays upped their price objective on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.67.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, EVP Mark Stephen Katz sold 14,790 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the sale, the executive vice president now owns 12,386 shares in the company, valued at approximately $884,236.54. The trade was a 54.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.10% of the stock is owned by corporate 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.