15,257 Shares in Ryan Specialty Holdings Inc. $RYAN Acquired by Index Fund Advisors Inc.

Index Fund Advisors Inc. purchased a new position in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 15,257 shares of the company’s stock, valued at approximately $1,037,000.

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in Ryan Specialty by 281.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company’s stock worth $25,000 after buying an additional 245 shares during the period. SVB Wealth LLC acquired a new position in shares of Ryan Specialty in the first quarter valued at approximately $26,000. WPG Advisers LLC acquired a new position in shares of Ryan Specialty in the first quarter valued at approximately $32,000. Central Pacific Bank Trust Division acquired a new position in shares of Ryan Specialty in the second quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Ryan Specialty in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Trading Down 0.8%

Shares of RYAN stock opened at $55.18 on Monday. The business’s fifty day moving average price is $56.28 and its 200 day moving average price is $63.91. Ryan Specialty Holdings Inc. has a 1-year low of $50.08 and a 1-year high of $77.16. The firm has a market capitalization of $14.55 billion, a PE ratio of 157.66, a P/E/G ratio of 1.54 and a beta of 0.63. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $855.17 million for the quarter, compared to the consensus estimate of $837.52 million. Ryan Specialty had a return on equity of 48.70% and a net margin of 6.81%.Ryan Specialty’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. As a group, sell-side analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, August 12th. Ryan Specialty’s payout ratio is presently 137.14%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Ryan Specialty in a report on Wednesday, October 8th. Citigroup began coverage on Ryan Specialty in a report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price objective on the stock. Wall Street Zen raised Ryan Specialty from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. UBS Group dropped their price objective on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $71.08.

Insider Buying and Selling

In other news, Chairman Patrick G. Ryan bought 276,634 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were bought at an average cost of $51.84 per share, for a total transaction of $14,340,706.56. Following the completion of the transaction, the chairman owned 13,699,959 shares in the company, valued at $710,205,874.56. This trade represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 52.21% of the company’s stock.

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.