MetLife Investment Management LLC Sells 952 Shares of Ryan Specialty Holdings Inc. $RYAN
by Jessica Moore · The Cerbat GemMetLife Investment Management LLC lessened its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN – Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,461 shares of the company’s stock after selling 952 shares during the quarter. MetLife Investment Management LLC’s holdings in Ryan Specialty were worth $4,688,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of RYAN. Mariner LLC grew its position in Ryan Specialty by 3.4% in the 4th quarter. Mariner LLC now owns 5,278 shares of the company’s stock valued at $339,000 after acquiring an additional 172 shares during the last quarter. Hsbc Holdings PLC grew its position in Ryan Specialty by 16.4% in the 4th quarter. Hsbc Holdings PLC now owns 3,654 shares of the company’s stock valued at $234,000 after acquiring an additional 514 shares during the last quarter. Susquehanna International Group LLP grew its position in Ryan Specialty by 31.1% in the 4th quarter. Susquehanna International Group LLP now owns 39,593 shares of the company’s stock valued at $2,540,000 after acquiring an additional 9,393 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Ryan Specialty by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 85,528 shares of the company’s stock valued at $5,487,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Northern Trust Corp grew its position in Ryan Specialty by 20.5% in the 4th quarter. Northern Trust Corp now owns 891,112 shares of the company’s stock valued at $57,174,000 after acquiring an additional 151,391 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
Ryan Specialty Trading Down 0.3%
Shares of NYSE RYAN opened at $56.47 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $14.89 billion, a P/E ratio of 161.36, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64. Ryan Specialty Holdings Inc. has a 1-year low of $55.77 and a 1-year high of $77.16. The business has a fifty day moving average price of $62.69 and a 200 day moving average price of $67.09.
Ryan Specialty (NYSE:RYAN – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $855.17 million during the quarter, compared to analysts’ expectations of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. Equities research analysts expect that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.
Ryan Specialty Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, August 12th. Ryan Specialty’s dividend payout ratio is 137.14%.
Insiders Place Their Bets
In related news, EVP Mark Stephen Katz sold 14,377 shares of the company’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the completion of the sale, the executive vice president directly owned 1,117 shares in the company, valued at $73,543.28. This represents a 92.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David P. Bolger sold 5,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.80, for a total value of $354,000.00. Following the completion of the sale, the director owned 71,467 shares of the company’s stock, valued at approximately $5,059,863.60. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 52.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on RYAN. Wall Street Zen raised Ryan Specialty from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. UBS Group lowered their target price on Ryan Specialty from $84.00 to $80.00 and set a “buy” rating for the company in a report on Monday, August 4th. Cantor Fitzgerald upgraded Ryan Specialty to a “hold” rating in a report on Wednesday, August 13th. Citigroup started coverage on Ryan Specialty in a report on Wednesday, August 13th. They issued a “buy” rating and a $74.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on Ryan Specialty from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.83.
View Our Latest Stock Analysis on RYAN
Ryan Specialty 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.
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