Sumitomo Mitsui Trust Group Inc. Has $78.18 Million Stock Holdings in Ryan Specialty Holdings Inc. $RYAN

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,387,108 shares of the company’s stock after purchasing an additional 33,588 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryan Specialty were worth $78,177,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RYAN. Golden State Wealth Management LLC lifted its stake in Ryan Specialty by 10,975.0% in the second quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after buying an additional 439 shares during the period. MAI Capital Management increased its stake in shares of Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after acquiring an additional 188 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Ryan Specialty during the 2nd quarter valued at $56,000. State of Wyoming acquired a new position in shares of Ryan Specialty during the 2nd quarter valued at $62,000. Finally, AlphaQuest LLC boosted its stake in Ryan Specialty by 2,138.6% during the second quarter. AlphaQuest LLC now owns 3,134 shares of the company’s stock worth $213,000 after acquiring an additional 2,994 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Stock Performance

Shares of RYAN opened at $50.25 on Thursday. Ryan Specialty Holdings Inc. has a 52 week low of $49.88 and a 52 week high of $77.16. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $54.33 and a two-hundred day moving average price of $56.74. The firm has a market capitalization of $13.26 billion, a P/E ratio of 109.23, a P/E/G ratio of 1.21 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $754.58 million for the quarter, compared to analysts’ expectations of $742.35 million. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.Ryan Specialty’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Equities analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a $0.12 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Ryan Specialty’s dividend payout ratio is presently 104.35%.

Analysts Set New Price Targets

RYAN has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Cantor Fitzgerald decreased their target price on Ryan Specialty from $63.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group cut their price target on Ryan Specialty from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. TD Cowen decreased their price objective on Ryan Specialty from $89.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ryan Specialty in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Activity at Ryan Specialty

In other news, CEO Timothy William Turner sold 129,570 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $53.61, for a total value of $6,946,247.70. Following the completion of the sale, the chief executive officer owned 12,553 shares in the company, valued at $672,966.33. This represents a 91.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.21% of the stock is currently owned by corporate insiders.

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.