Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,833 shares of the company’s stock after selling 421,390 shares during the quarter. Jennison Associates LLC owned about 0.30% of Ryan Specialty worth $33,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RYAN. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Ryan Specialty in the 3rd quarter worth $58,079,000. Boston Partners acquired a new stake in Ryan Specialty during the 3rd quarter worth about $50,090,000. Vanguard Group Inc. lifted its position in Ryan Specialty by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,198,624 shares of the company’s stock worth $445,213,000 after acquiring an additional 428,165 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Ryan Specialty by 26.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,159,648 shares of the company’s stock worth $56,127,000 after acquiring an additional 245,827 shares during the period. Finally, American Century Companies Inc. lifted its position in Ryan Specialty by 17.7% during the 3rd quarter. American Century Companies Inc. now owns 1,624,944 shares of the company’s stock worth $78,647,000 after acquiring an additional 244,490 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Trading Down 0.6 %

RYAN opened at $50.77 on Thursday. Ryan Specialty Holdings, Inc. has a one year low of $39.44 and a one year high of $56.51. The stock has a market capitalization of $13.21 billion, a PE ratio of 99.55 and a beta of 0.52. The business’s 50 day moving average price is $51.94 and its 200 day moving average price is $46.94. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. The company had revenue of $532.90 million for the quarter, compared to analysts’ expectations of $524.08 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 22.5% compared to the same quarter last year. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio is currently 86.28%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RYAN shares. JMP Securities reissued a “market perform” rating on shares of Ryan Specialty in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price target on Ryan Specialty from $47.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Ryan Specialty from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Citigroup boosted their price objective on Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.25.

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.