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

Rothschild Investment LLC bought a new stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the second quarter, Holdings Channel reports. The fund bought 1,500 shares of the company’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of Ryan Specialty by 96.4% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after acquiring an additional 297 shares during the period. Precision Wealth Strategies LLC boosted its holdings in Ryan Specialty by 4.1% in the 1st quarter. Precision Wealth Strategies LLC now owns 15,774 shares of the company’s stock worth $875,000 after buying an additional 617 shares during the period. Anderson Hoagland & Co. boosted its holdings in Ryan Specialty by 1.2% in the 2nd quarter. Anderson Hoagland & Co. now owns 51,615 shares of the company’s stock worth $2,909,000 after buying an additional 624 shares during the period. Crewe Advisors LLC bought a new position in Ryan Specialty in the 2nd quarter worth approximately $39,000. Finally, Intelligent Financial Strategies bought a new position in Ryan Specialty in the 1st quarter worth approximately $44,000. 84.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on RYAN. Wells Fargo & Company raised their price objective on shares of Ryan Specialty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Citigroup raised their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group raised their price objective on shares of Ryan Specialty from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Finally, Bank of America started coverage on shares of Ryan Specialty in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ryan Specialty currently has a consensus rating of “Hold” and an average target price of $62.00.

Insider Activity

In other news, President Timothy William Turner sold 2,000,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $62.45, for a total transaction of $124,900,000.00. Following the sale, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Nicholas Dominic Cortezi sold 1,500 shares of Ryan Specialty stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.02, for a total value of $97,530.00. Following the transaction, the director now owns 25,123 shares in the company, valued at approximately $1,633,497.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Timothy William Turner sold 2,000,000 shares of Ryan Specialty stock in a transaction on Friday, August 9th. The stock was sold at an average price of $62.45, for a total transaction of $124,900,000.00. Following the completion of the transaction, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,107,136 shares of company stock worth $131,860,032. 11.10% of the stock is currently owned by corporate insiders.

Ryan Specialty Stock Performance

NYSE RYAN opened at $64.03 on Thursday. The company’s 50 day simple moving average is $61.53 and its two-hundred day simple moving average is $56.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $16.74 billion, a PE ratio of 120.81, a P/E/G ratio of 1.53 and a beta of 0.62. Ryan Specialty Holdings, Inc. has a 1 year low of $41.49 and a 1 year high of $69.03.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $695.40 million for the quarter, compared to analysts’ expectations of $695.56 million. Ryan Specialty had a net margin of 10.21% and a return on equity of 48.08%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Analysts predict that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, August 13th. Ryan Specialty’s dividend payout ratio (DPR) is currently 83.02%.

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.