Flaharty Asset Management LLC Invests $321,000 in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Flaharty Asset Management LLC purchased a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also modified their holdings of RYAN. Hollencrest Capital Management bought a new stake in Ryan Specialty in the 3rd quarter valued at $25,000. Assetmark Inc. purchased a new stake in Ryan Specialty in the 3rd quarter valued at about $34,000. Principal Securities Inc. lifted its position in shares of Ryan Specialty by 164.7% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after purchasing an additional 415 shares during the period. Quarry LP lifted its position in shares of Ryan Specialty by 109.3% in the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after purchasing an additional 422 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in shares of Ryan Specialty by 26.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock worth $91,000 after acquiring an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analysts Set New Price Targets

RYAN has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Morgan Stanley began coverage on shares of Ryan Specialty in a report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective 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. Barclays increased their target price on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada reduced their target price 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 analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $75.27.

Insider Buying and Selling at Ryan Specialty

In other Ryan Specialty news, Director Nicholas Dominic Cortezi sold 35,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the sale, the director now directly owns 60,200 shares in the company, valued at approximately $4,015,942. The trade was a 36.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 316,451 shares of company stock valued at $20,907,793. 11.10% of the stock is owned by company insiders.

Ryan Specialty Stock Performance

Shares of Ryan Specialty stock opened at $70.07 on Friday. The firm’s fifty day simple moving average is $66.02 and its 200-day simple moving average is $67.40. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 101.54, a PEG ratio of 1.19 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a 12 month low of $48.48 and a 12 month high of $75.97. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The firm had revenue of $663.53 million during 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%. As a group, equities analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.12 dividend. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, March 4th. Ryan Specialty’s payout ratio is currently 69.57%.

About Ryan Specialty

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.