Janney Montgomery Scott LLC Has $1.39 Million Stock Holdings in Ryan Specialty Holdings Inc. $RYAN

Janney Montgomery Scott LLC grew its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 7.8% during the 2nd quarter, Holdings Channel reports. The firm owned 20,482 shares of the company’s stock after purchasing an additional 1,479 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryan Specialty were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Ryan Specialty by 3.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,594 shares of the company’s stock valued at $2,216,000 after purchasing an additional 1,089 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Ryan Specialty during the 2nd quarter worth about $257,000. Cooper Investors PTY Ltd. lifted its position in Ryan Specialty by 5.2% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 377,482 shares of the company’s stock worth $25,665,000 after buying an additional 18,557 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Ryan Specialty during the 2nd quarter worth about $31,000. Finally, Voya Investment Management LLC lifted its position in Ryan Specialty by 43.5% during the 1st quarter. Voya Investment Management LLC now owns 147,872 shares of the company’s stock worth $10,923,000 after buying an additional 44,843 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Insider Transactions at Ryan Specialty

In other Ryan Specialty news, Chairman Patrick G. Ryan bought 276,634 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average cost of $51.84 per share, with a total value of $14,340,706.56. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.21% of the company’s stock.

Ryan Specialty Stock Performance

Shares of NYSE:RYAN opened at $55.18 on Monday. The stock has a market capitalization of $14.55 billion, a P/E ratio of 157.66, a P/E/G ratio of 1.54 and a beta of 0.63. Ryan Specialty Holdings Inc. has a 1-year low of $50.08 and a 1-year high of $77.16. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The business has a 50-day moving average price of $56.28 and a two-hundred day moving average price of $63.91.

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

Ryan Specialty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid 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 of this dividend was Tuesday, August 12th. Ryan Specialty’s dividend payout ratio is presently 137.14%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Ryan Specialty from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ryan Specialty in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $70.00 price target on shares of Ryan Specialty in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of Ryan Specialty from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Citigroup assumed coverage on shares of Ryan Specialty in a research report on Wednesday, August 13th. They set a “buy” rating and a $74.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.08.

About Ryan Specialty

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.