Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,781 shares of the company’s stock after buying an additional 1,670 shares during the period. Amalgamated Bank’s holdings in Ryan Specialty were worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RYAN. Sanctuary Advisors LLC increased its holdings in shares of Ryan Specialty by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 15,690 shares of the company’s stock valued at $1,045,000 after acquiring an additional 188 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Ryan Specialty by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company’s stock valued at $778,000 after purchasing an additional 190 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Ryan Specialty by 5.6% in 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 last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Ryan Specialty by 26.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock worth $91,000 after buying an additional 286 shares during the period. Finally, 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 valued at $755,000 after buying an additional 295 shares during the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 29,466 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $65.06, for a total value of $1,917,057.96. Following the transaction, the director now directly owns 45,409 shares of the company’s stock, valued at approximately $2,954,309.54. This trade represents a 39.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 316,451 shares of company stock worth $20,907,793 in the last quarter. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RYAN. Morgan Stanley assumed coverage on Ryan Specialty in a research note on Thursday, December 5th. They issued an “overweight” rating and a $90.00 target price for the company. Wells Fargo & Company increased their price objective on Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. UBS Group lifted their target price on Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday. 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 report on Friday, February 21st. Finally, Royal Bank of Canada reduced their price target 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. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.27.

Ryan Specialty Stock Up 0.0 %

RYAN stock opened at $70.07 on Friday. Ryan Specialty Holdings, Inc. has a one year low of $48.48 and a one year high of $75.97. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $66.02 and its 200 day moving average is $67.41. The firm has a market cap of $18.35 billion, a PE ratio of 101.54, a P/E/G ratio of 1.19 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, February 20th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The business had revenue of $663.53 million for the quarter, compared to analyst estimates of $658.80 million. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. On average, research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current year.

Ryan Specialty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.69%. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 4th. Ryan Specialty’s dividend payout ratio is presently 69.57%.

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.