Embree Financial Group Makes New Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Embree Financial Group purchased a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 30,654 shares of the company’s stock, valued at approximately $1,701,000.

Several other institutional investors have also recently made changes to their positions in RYAN. PNC Financial Services Group Inc. increased its holdings in shares of Ryan Specialty by 192.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock worth $27,000 after acquiring an additional 361 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Ryan Specialty by 1,283.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after acquiring an additional 937 shares during the last quarter. Intelligent Financial Strategies acquired a new position in Ryan Specialty in the 1st quarter valued at $44,000. Benjamin F. Edwards & Company Inc. acquired a new position in Ryan Specialty in the 1st quarter valued at $45,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Ryan Specialty in the 4th quarter valued at $106,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

RYAN has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Ryan Specialty in a report on Tuesday, July 2nd. UBS Group upped their target price on Ryan Specialty from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Ryan Specialty in a research report on Monday, April 15th. Wolfe Research downgraded Ryan Specialty from an “outperform” rating to a “peer perform” rating in a research report on Monday, May 6th. Finally, Wells Fargo & Company upped their target price on Ryan Specialty from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.80.

Ryan Specialty Trading Down 0.4 %

NYSE RYAN traded down $0.20 during trading hours on Wednesday, hitting $56.16. 643,243 shares of the company’s stock were exchanged, compared to its average volume of 904,020. The stock has a 50-day simple moving average of $55.10 and a 200 day simple moving average of $50.65. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 105.96, a PEG ratio of 1.49 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.99. Ryan Specialty Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $61.29.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Ryan Specialty had a return on equity of 45.87% and a net margin of 9.15%. The business had revenue of $552.00 million during the quarter, compared to the consensus estimate of $549.06 million. During the same period last year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, equities analysts forecast that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, May 13th. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.

Ryan Specialty Company 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.