2 weeks Ago By ABMN Staff
Prudential Financial Inc. trimmed its position in Ryan Specialty Holdings, Inc. ( NYSE:RYAN – Free Report ) by 64.
4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,830 shares of the company’s stock after selling 8,745 shares during the period. Prudential Financial Inc.
’s holdings in Ryan Specialty were worth $310,000 as of its most recent SEC filing. Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake 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 period. Captrust Financial Advisors boosted its holdings in Ryan Specialty by 9.
3% in the 3rd quarter. Captrust Financial Advisors now owns 9,405 shares of the company’s stock valued at $624,000 after purchasing an additional 798 shares in the last quarter. HighTower Advisors LLC increased its position in Ryan Specialty by 101.
6% during the 3rd quarter. HighTower Advisors LLC now owns 39,969 shares of the company’s stock worth $2,661,000 after purchasing an additional 20,139 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Ryan Specialty during the 3rd quarter worth approximately $888,000.
Finally, State Street Corp lifted its holdings in shares of Ryan Specialty by 1.5% in the 3rd quarter. State Street Corp now owns 3,273,093 shares of the company’s stock valued at $217,301,000 after buying an additional 49,198 shares during the period.
84.82% of the stock is owned by institutional investors and hedge funds. Ryan Specialty Stock Up 1.
7 % Shares of NYSE:RYAN opened at $71.92 on Friday. The company has a market capitalization of $18.
84 billion, a price-to-earnings ratio of 104.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.
66. The company has a 50 day moving average of $69.96 and a two-hundred day moving average of $68.
82. Ryan Specialty Holdings, Inc. has a 52-week low of $48.
48 and a 52-week high of $77.16. The company has a quick ratio of 1.
01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.
Ryan Specialty Increases Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.12 dividend.
This represents a $0.48 dividend on an annualized basis and a yield of 0.67%.
This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 4th.
Ryan Specialty’s dividend payout ratio (DPR) is 69.57%. Analysts Set New Price Targets RYAN has been the topic of several research analyst reports.
UBS Group boosted their target price on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.
TD Cowen assumed coverage on Ryan Specialty in a research report on Thursday. They set a “buy” rating and a $89.00 price target for the company.
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.
Wells Fargo & Company dropped their target price on Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating for the company in a research note on Thursday.
Finally, Keefe, Bruyette & Woods cut their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday.
One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Ryan Specialty currently has an average rating of “Hold” and an average target price of $76.08.
Read Our Latest Analysis on Ryan Specialty Insider Activity In other news, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction dated 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 available through the SEC website . Also, Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,349,837.91. This trade represents a 49.
57 % decrease in their position. The disclosure for this sale can be found here . In the last ninety days, insiders sold 241,360 shares of company stock worth $16,006,428.
11.10% of the stock is currently owned by insiders. Ryan Specialty Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings, Inc.
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