Universal Beteiligungs und Servicegesellschaft mbH Purchases 514,505 Shares of Ryan Specialty Holdings Inc. $RYAN

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 1,972.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 540,589 shares of the company’s stock after buying an additional 514,505 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ryan Specialty were worth $36,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAN. SVB Wealth LLC acquired a new position in Ryan Specialty in the first quarter valued at about $26,000. Golden State Wealth Management LLC grew its position in shares of Ryan Specialty by 10,975.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after purchasing an additional 439 shares during the period. Central Pacific Bank Trust Division bought a new stake in Ryan Specialty during the 2nd quarter worth approximately $31,000. WPG Advisers LLC acquired a new stake in Ryan Specialty during the 1st quarter worth approximately $32,000. Finally, Quarry LP lifted its stake in Ryan Specialty by 977.8% in the first quarter. Quarry LP now owns 582 shares of the company’s stock valued at $43,000 after buying an additional 528 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Trading Up 0.2%

NYSE RYAN opened at $56.57 on Tuesday. Ryan Specialty Holdings Inc. has a 12 month low of $50.08 and a 12 month high of $77.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The stock has a 50 day moving average of $54.58 and a 200-day moving average of $61.01. The company has a market cap of $14.92 billion, a PE ratio of 122.97, a PEG ratio of 1.58 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The firm had revenue of $754.58 million for the quarter, compared to analyst estimates of $742.35 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. Ryan Specialty’s dividend payout ratio (DPR) is presently 104.35%.

Wall Street Analysts Forecast Growth

RYAN has been the subject of several research reports. Citigroup initiated coverage on shares of Ryan Specialty in a research report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price objective for the company. Keefe, Bruyette & Woods dropped their price target on Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Wolfe Research raised Ryan Specialty to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley increased their price objective on Ryan Specialty from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday. Finally, UBS Group cut their target price on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.69.

Insiders Place Their Bets

In other Ryan Specialty news, Chairman Patrick G. Ryan purchased 276,634 shares of the stock in a transaction on Friday, September 12th. The shares were purchased at an average price of $51.84 per share, with a total value of $14,340,706.56. Following the completion of the transaction, the chairman directly owned 13,699,959 shares in the company, valued at $710,205,874.56. This represents a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 52.21% of the stock is currently owned by company insiders.

Ryan Specialty Company 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.