Jump Financial LLC Raises Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Jump Financial LLC increased its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,666 shares of the company’s stock after buying an additional 7,159 shares during the quarter. Jump Financial LLC’s holdings in Ryan Specialty were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RYAN. Vanguard Group Inc. increased its holdings in shares of Ryan Specialty by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 9,880,504 shares of the company’s stock valued at $633,933,000 after purchasing an additional 529,631 shares during the period. Bessemer Group Inc. lifted its stake in Ryan Specialty by 2.5% during the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company’s stock valued at $210,651,000 after acquiring an additional 79,976 shares during the period. Blair William & Co. IL boosted its holdings in shares of Ryan Specialty by 0.6% in the 4th quarter. Blair William & Co. IL now owns 2,765,963 shares of the company’s stock valued at $177,464,000 after acquiring an additional 16,540 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Ryan Specialty by 115.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,833,209 shares of the company’s stock worth $117,619,000 after acquiring an additional 981,505 shares during the period. Finally, Geode Capital Management LLC lifted its position in Ryan Specialty by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,799,130 shares of the company’s stock valued at $115,468,000 after purchasing an additional 46,960 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RYAN shares. UBS Group boosted their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. TD Cowen assumed coverage on Ryan Specialty in a research report on Thursday, April 10th. They set a “buy” rating and a $89.00 target price on the stock. Keefe, Bruyette & Woods lowered their price target on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their target price on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada cut their price target on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Ryan Specialty has an average rating of “Hold” and an average target price of $75.67.

Ryan Specialty Stock Down 2.0 %

Shares of NYSE RYAN opened at $70.63 on Friday. 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 moving average is $70.46 and its two-hundred day moving average is $69.03. Ryan Specialty Holdings, Inc. has a 12-month low of $48.48 and a 12-month high of $77.16. The company has a market capitalization of $18.50 billion, a PE ratio of 102.37, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $663.53 million for the quarter, compared to analysts’ expectations of $658.80 million. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. Equities analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.12 per share. This is a positive change from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, March 4th. Ryan Specialty’s dividend payout ratio is presently 69.57%.

Insider Activity at Ryan Specialty

In other news, EVP Brendan Martin Mulshine sold 30,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $69.30, for a total value of $2,079,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 31,409 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $65.64, for a total value of $2,061,686.76. Following the completion of the sale, the director now owns 2,697 shares of the company’s stock, valued at approximately $177,031.08. This represents a 92.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,894 shares of company stock worth $9,429,470. 11.10% of the stock is owned by company insiders.

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.