UBS Group AG Has $2.28 Million Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

UBS Group AG lifted its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN – Get Rating) by 78.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,037 shares of the company’s stock after buying an additional 24,720 shares during the period. UBS Group AG’s holdings in Ryan Specialty were worth $2,277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RYAN. HighTower Advisors LLC lifted its stake in Ryan Specialty by 31.5% during the first quarter. HighTower Advisors LLC now owns 9,565 shares of the company’s stock worth $375,000 after purchasing an additional 2,290 shares during the last quarter. Citigroup Inc. boosted its stake in Ryan Specialty by 16.9% in the first quarter. Citigroup Inc. now owns 4,744 shares of the company’s stock valued at $184,000 after buying an additional 685 shares in the last quarter. Natixis Advisors L.P. bought a new position in Ryan Specialty in the first quarter valued at about $515,000. Dimensional Fund Advisors LP bought a new position in Ryan Specialty in the first quarter valued at about $380,000. Finally, Vanguard Group Inc. raised its stake in Ryan Specialty by 42.3% during the first quarter. Vanguard Group Inc. now owns 6,747,855 shares of the company’s stock worth $261,749,000 after acquiring an additional 2,006,018 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

Analyst Ratings Changes

RYAN has been the topic of several research reports. UBS Group decreased their price target on shares of Ryan Specialty to $48.00 in a report on Wednesday, November 16th. Barclays decreased their target price on shares of Ryan Specialty to $49.00 in a research note on Wednesday, November 16th. JPMorgan Chase & Co. cut their price objective on Ryan Specialty from $40.00 to $39.00 in a report on Friday, November 11th. Wells Fargo & Company boosted their price objective on Ryan Specialty from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 1st. Finally, BMO Capital Markets initiated coverage on Ryan Specialty in a research note on Thursday, January 19th. They set an “outperform” rating and a $51.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.38.

Ryan Specialty Trading Down 0.2 %

Shares of RYAN stock opened at $40.73 on Tuesday. Ryan Specialty Holdings, Inc. has a 1-year low of $32.13 and a 1-year high of $46.40. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 2.39. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 79.86 and a beta of 0.48. The stock has a 50-day moving average of $42.26 and a 200-day moving average of $41.58.

Ryan Specialty (NYSE:RYAN – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $435.00 million during the quarter, compared to the consensus estimate of $425.48 million. Ryan Specialty had a net margin of 9.46% and a return on equity of 42.96%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 1.44 earnings per share for the current year.

About Ryan Specialty

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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.