Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,963 shares of the company’s stock after buying an additional 67,310 shares during the period. Federated Hermes Inc. owned 0.25% of Ryan Specialty worth $42,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in Ryan Specialty by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 15,690 shares of the company’s stock valued at $1,045,000 after purchasing an additional 188 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Ryan Specialty by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company’s stock valued at $778,000 after buying an additional 190 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Ryan Specialty by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,674 shares of the company’s stock worth $236,000 after buying an additional 196 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Ryan Specialty by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,760 shares of the company’s stock worth $755,000 after buying an additional 295 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Ryan Specialty by 5.7% in the 4th quarter. UMB Bank n.a. now owns 5,522 shares of the company’s stock valued at $354,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on RYAN shares. UBS Group lifted their target price on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods lowered their price objective on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Finally, Wells Fargo & Company lifted their target price on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.27.

Ryan Specialty Stock Performance

RYAN opened at $68.47 on Tuesday. Ryan Specialty Holdings, Inc. has a 1-year low of $48.48 and a 1-year high of $77.16. The stock has a market cap of $17.93 billion, a P/E ratio of 99.23, a P/E/G ratio of 1.19 and a beta of 0.66. The stock’s 50 day simple moving average is $69.67 and its 200 day simple moving average is $68.72. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

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

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio is 69.57%.

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $65.99, for a total transaction of $2,309,650.00. Following the sale, the director now owns 35,609 shares of the company’s stock, valued at $2,349,837.91. This trade represents a 49.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $69.30, for a total value of $2,079,000.00. The disclosure for this sale can be found here. Insiders have sold 241,360 shares of company stock worth $16,006,428 over the last ninety days. 11.10% of the stock is currently owned by 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.