Northwestern Mutual Wealth Management Co. Has $3.25 Million Position in Ryan Specialty Holdings Inc. $RYAN

Northwestern Mutual Wealth Management Co. grew its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 371.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,863 shares of the company’s stock after purchasing an additional 49,541 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Ryan Specialty were worth $3,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RYAN. Independent Franchise Partners LLP acquired a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $95,798,000. Champlain Investment Partners LLC boosted its stake in shares of Ryan Specialty by 76.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,066,011 shares of the company’s stock valued at $172,800,000 after purchasing an additional 1,332,773 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ryan Specialty by 21.1% in the 3rd quarter. Principal Financial Group Inc. now owns 4,392,717 shares of the company’s stock valued at $247,576,000 after purchasing an additional 765,428 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of Ryan Specialty by 23.7% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 3,974,869 shares of the company’s stock valued at $217,745,000 after purchasing an additional 762,638 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $37,636,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Ryan Specialty Stock Up 0.1%

NYSE:RYAN opened at $32.71 on Tuesday. The firm’s 50 day simple moving average is $34.02 and its 200 day simple moving average is $44.10. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.02 and a quick ratio of 1.02. Ryan Specialty Holdings Inc. has a one year low of $29.28 and a one year high of $72.50. The company has a market cap of $8.64 billion, a PE ratio of 42.48, a P/E/G ratio of 0.77 and a beta of 0.68.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Thursday, April 30th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Ryan Specialty had a net margin of 8.21% and a return on equity of 41.33%. The business had revenue of $795.23 million for the quarter, compared to the consensus estimate of $781.44 million. During the same period last year, the company earned $0.39 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Ryan Specialty Holdings Inc. will post 2.05 earnings per share for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.52 annualized dividend and a yield of 1.6%. Ryan Specialty’s dividend payout ratio (DPR) is currently 67.53%.

Analysts Set New Price Targets

RYAN has been the topic of a number of research analyst reports. BMO Capital Markets downgraded shares of Ryan Specialty from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $66.00 to $43.00 in a research note on Wednesday, February 25th. Morgan Stanley reduced their price target on shares of Ryan Specialty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Bank of America reduced their price target on shares of Ryan Specialty from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Ryan Specialty from $49.00 to $43.00 and set an “underweight” rating on the stock in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada began coverage on shares of Ryan Specialty in a research report on Tuesday, March 17th. They set an “outperform” rating and a $45.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ryan Specialty currently has an average rating of “Hold” and a consensus target price of $46.76.

Ryan Specialty Profile

Ryan Specialty Group, Inc (NYSE: RYAN) is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients’ unique needs.

Ryan Specialty’s core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.