Nomura Holdings Inc. Makes New Investment in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Nomura Holdings Inc. bought a new position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,118 shares of the company’s stock, valued at approximately $906,000.

Several other institutional investors also recently modified their holdings of RYAN. Nuveen Asset Management LLC boosted its holdings in Ryan Specialty by 22.1% in the fourth quarter. Nuveen Asset Management LLC now owns 352,516 shares of the company’s stock valued at $22,617,000 after acquiring an additional 63,741 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Ryan Specialty during the 4th quarter valued at approximately $892,000. Millennium Management LLC boosted its stake in shares of Ryan Specialty by 1,111.4% in the 4th quarter. Millennium Management LLC now owns 1,174,086 shares of the company’s stock valued at $75,329,000 after purchasing an additional 1,077,169 shares during the last quarter. Lighthouse Investment Partners LLC boosted its stake in shares of Ryan Specialty by 337.7% in the 4th quarter. Lighthouse Investment Partners LLC now owns 173,691 shares of the company’s stock valued at $11,144,000 after purchasing an additional 134,010 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Ryan Specialty by 160.6% in the 4th quarter. Ensign Peak Advisors Inc now owns 105,490 shares of the company’s stock valued at $6,768,000 after purchasing an additional 65,014 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Ryan Specialty Price Performance

Shares of RYAN opened at $70.20 on Tuesday. Ryan Specialty Holdings, Inc. has a 12-month low of $52.34 and a 12-month high of $77.16. The business’s fifty day moving average is $70.18 and its 200 day moving average is $68.77. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock has a market cap of $18.42 billion, a P/E ratio of 101.74, a P/E/G ratio of 1.19 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $690.17 million for the quarter, compared to analyst estimates of $680.80 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.48 annualized dividend and a yield of 0.68%. Ryan Specialty’s payout ratio is 141.18%.

Insider Activity at Ryan Specialty

In other Ryan Specialty news, EVP Brendan Martin Mulshine sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $69.30, for a total transaction of $2,079,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Ryan Specialty in a research note on Thursday, April 10th. They issued a “buy” rating and a $89.00 price objective on the stock. Keefe, Bruyette & Woods cut their price target on shares of Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Barclays cut their target price on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Morgan Stanley upped their target price on Ryan Specialty from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company cut their price target on Ryan Specialty from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.58.

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.