Steward Partners Investment Advisory LLC acquired a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 669 shares of the company’s stock, valued at approximately $26,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its position in shares of Ryan Specialty by 101.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 706 shares of the company’s stock worth $28,000 after buying an additional 356 shares during the period. First Horizon Advisors Inc. grew its position in shares of Ryan Specialty by 1,529.0% during the 4th quarter. First Horizon Advisors Inc. now owns 1,010 shares of the company’s stock worth $40,000 after buying an additional 948 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of Ryan Specialty during the 4th quarter worth approximately $52,000. SG Americas Securities LLC acquired a new stake in shares of Ryan Specialty during the 4th quarter worth approximately $158,000. Finally, Shell Asset Management Co. acquired a new stake in shares of Ryan Specialty during the 4th quarter worth approximately $179,000. Institutional investors and hedge funds own 25.09% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised shares of Ryan Specialty from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.50.
Insider Transactions at Ryan Specialty
Ryan Specialty Trading Up 0.5 %
Shares of RYAN opened at $44.57 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.14. Ryan Specialty Holdings, Inc. has a twelve month low of $29.20 and a twelve month high of $45.05. The firm’s 50 day moving average price is $39.17 and its two-hundred day moving average price is $38.49.
Ryan Specialty (NYSE:RYAN – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $386.89 million for the quarter, compared to analyst estimates of $372.45 million. Ryan Specialty had a net margin of 5.21% and a return on equity of 61.16%. As a group, research analysts forecast that Ryan Specialty Holdings, Inc. will post 1.22 earnings per share for the current year.
Ryan Specialty Company Profile
Ryan Specialty Group Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. 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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