Ryan Specialty Group Holdings, Inc. (NYSE:RYAN) Stock Holdings Boosted by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its position in shares of Ryan Specialty Group Holdings, Inc. (NYSE:RYAN – Get Rating) by 1,529.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,010 shares of the company’s stock after purchasing an additional 948 shares during the quarter. First Horizon Advisors Inc.’s holdings in Ryan Specialty Group were worth $40,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RYAN. Reilly Financial Advisors LLC boosted its stake in shares of Ryan Specialty Group by 126.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 906 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Ryan Specialty Group during the 3rd quarter worth $113,000. SG Americas Securities LLC acquired a new stake in shares of Ryan Specialty Group in the fourth quarter worth $158,000. Shell Asset Management Co. purchased a new stake in shares of Ryan Specialty Group during the fourth quarter worth $179,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Ryan Specialty Group during the fourth quarter worth $202,000. 25.09% of the stock is owned by institutional investors and hedge funds.

NYSE RYAN opened at $38.48 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.63. The stock’s 50 day moving average is $38.10 and its two-hundred day moving average is $38.32. Ryan Specialty Group Holdings, Inc. has a 1-year low of $25.57 and a 1-year high of $42.43.

Ryan Specialty Group (NYSE:RYAN – Get Rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Ryan Specialty Group had a return on equity of 75.61% and a net margin of 3.78%. The company had revenue of $378.54 million for the quarter, compared to the consensus estimate of $382.98 million. Research analysts predict that Ryan Specialty Group Holdings, Inc. will post 1.18 earnings per share for the current fiscal year.

Several analysts recently issued reports on RYAN shares. Wells Fargo & Company cut their price objective on Ryan Specialty Group from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, March 16th. Royal Bank of Canada raised their target price on Ryan Specialty Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 16th. Finally, Zacks Investment Research upgraded Ryan Specialty Group from a “sell” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Ryan Specialty Group currently has an average rating of “Buy” and a consensus price target of $37.67.

Ryan Specialty Group Company Profile (Get Rating)

Ryan Specialty Group Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

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