Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. trimmed its position in Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 468,150 shares of the company’s stock after selling 5,720 shares during the period. Ryan Specialty accounts for approximately 3.6% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 16th biggest holding. Dudley & Shanley Inc. owned about 0.18% of Ryan Specialty worth $20,140,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RYAN. PNC Financial Services Group Inc. raised its holdings in Ryan Specialty by 192.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after acquiring an additional 361 shares during the last quarter. Comerica Bank acquired a new stake in Ryan Specialty in the 3rd quarter valued at about $34,000. Royal Bank of Canada increased its holdings in shares of Ryan Specialty by 524.8% during the 1st quarter. Royal Bank of Canada now owns 781 shares of the company’s stock worth $31,000 after buying an additional 656 shares during the last quarter. Huntington National Bank increased its holdings in shares of Ryan Specialty by 2,060.4% during the 2nd quarter. Huntington National Bank now owns 1,037 shares of the company’s stock worth $47,000 after buying an additional 989 shares during the last quarter. Finally, American International Group Inc. acquired a new stake in shares of Ryan Specialty during the 2nd quarter worth approximately $50,000. 34.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RYAN shares. JPMorgan Chase & Co. increased their price objective on shares of Ryan Specialty from $44.00 to $47.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 28th. Citigroup lifted their price objective on shares of Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Ryan Specialty from $55.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ryan Specialty currently has a consensus rating of “Hold” and a consensus price target of $52.63.

Get Our Latest Stock Report on Ryan Specialty

Ryan Specialty Stock Performance

NYSE RYAN traded down $0.44 during trading on Thursday, reaching $55.55. The company’s stock had a trading volume of 630,158 shares, compared to its average volume of 709,144. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 110.06 and a beta of 0.51. Ryan Specialty Holdings, Inc. has a twelve month low of $37.69 and a twelve month high of $56.51. The business’s fifty day moving average price is $47.44 and its 200-day moving average price is $46.30.

Ryan Specialty (NYSE:RYANGet Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The company had revenue of $532.90 million for the quarter, compared to analyst estimates of $524.08 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. Ryan Specialty’s dividend payout ratio is presently 86.28%.

About Ryan Specialty

(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.

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Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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