Jackson Square Partners LLC Lowers Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Jackson Square Partners LLC lessened its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 16.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 336,250 shares of the company’s stock after selling 67,183 shares during the period. Ryan Specialty comprises 2.3% of Jackson Square Partners LLC’s holdings, making the stock its 19th biggest position. Jackson Square Partners LLC owned 0.13% of Ryan Specialty worth $21,574,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new position in Ryan Specialty during the fourth quarter valued at $27,000. Principal Securities Inc. boosted its position in Ryan Specialty by 164.7% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after purchasing an additional 415 shares in the last quarter. Quarry LP lifted its position in shares of Ryan Specialty by 109.3% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $54,000 after buying an additional 422 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Ryan Specialty in the 4th quarter worth $54,000. Finally, Loomis Sayles & Co. L P grew its position in shares of Ryan Specialty by 26.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock valued at $91,000 after purchasing an additional 286 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 10,485 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $65.12, for a total value of $682,783.20. Following the completion of the sale, the director now directly owns 11,109 shares in the company, valued at approximately $723,418.08. The trade was a 48.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brendan Martin Mulshine sold 30,000 shares of Ryan Specialty stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $69.30, for a total transaction of $2,079,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 241,360 shares of company stock worth $16,006,428. Insiders own 11.10% of the company’s stock.

Ryan Specialty Stock Up 2.0 %

NYSE:RYAN opened at $72.44 on Tuesday. The firm has a market capitalization of $18.97 billion, a PE ratio of 104.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.71. The stock has a 50 day moving average of $68.27 and a 200-day moving average of $68.07. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a 52 week low of $48.48 and a 52 week high of $75.97.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business had revenue of $663.53 million for the quarter, compared to analyst estimates of $658.80 million. Analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The business 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. The ex-dividend date was Tuesday, March 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio is currently 69.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RYAN shares. Royal Bank of Canada reduced their target price 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. UBS Group raised their price target on shares of Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Morgan Stanley initiated coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, Keefe, Bruyette & Woods cut their price target on shares of Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $75.27.

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.