Avior Wealth Management LLC Raises Position in Ryan Specialty Holdings Inc. (NYSE:RYAN)

Avior Wealth Management LLC lifted its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 102.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,096 shares of the company’s stock after buying an additional 3,599 shares during the period. Avior Wealth Management LLC’s holdings in Ryan Specialty were worth $524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in shares of Ryan Specialty in the fourth quarter worth about $27,000. Fifth Third Bancorp boosted its position in shares of Ryan Specialty by 202.5% in the first quarter. Fifth Third Bancorp now owns 484 shares of the company’s stock worth $36,000 after buying an additional 324 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Ryan Specialty in the fourth quarter worth about $36,000. Principal Securities Inc. boosted its position in shares of Ryan Specialty by 164.7% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the company’s stock worth $43,000 after buying an additional 415 shares during the period. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Ryan Specialty in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Ryan Specialty Trading Up 1.1%

NYSE:RYAN opened at $67.39 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.45. The business’s 50 day moving average is $68.64 and its two-hundred day moving average is $68.14. Ryan Specialty Holdings Inc. has a 52 week low of $55.67 and a 52 week high of $77.16. The company has a market cap of $17.68 billion, a PE ratio of 198.19, a P/E/G ratio of 1.79 and a beta of 0.70.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, May 1st. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Ryan Specialty had a return on equity of 47.70% and a net margin of 6.97%. The company had revenue of $690.17 million for the quarter, compared to the consensus estimate of $680.80 million. During the same quarter last year, the business posted $0.35 EPS. Ryan Specialty’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, May 13th. Ryan Specialty’s dividend payout ratio is presently 141.18%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RYAN shares. Keefe, Bruyette & Woods decreased their target price on Ryan Specialty from $76.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Barclays reduced their price target on Ryan Specialty from $88.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, April 11th. TD Cowen initiated coverage on Ryan Specialty in a report on Thursday, April 10th. They issued a “buy” rating and a $89.00 price target for the company. Morgan Stanley increased their price target on Ryan Specialty from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 19th. Finally, UBS Group increased their price target on Ryan Specialty from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ryan Specialty currently has an average rating of “Moderate Buy” and an average price target of $75.58.

Insiders Place Their Bets

In other news, Director David P. Bolger sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $70.80, for a total transaction of $354,000.00. Following the sale, the director now directly owns 71,467 shares in the company, valued at approximately $5,059,863.60. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Stephen Katz sold 14,377 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $65.84, for a total value of $946,581.68. Following the sale, the executive vice president now owns 1,117 shares in the company, valued at $73,543.28. The trade was a 92.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 52.21% of the stock is currently owned by company insiders.

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.