Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stake Lifted by Geneva Capital Management LLC

Geneva Capital Management LLC grew its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,605 shares of the company’s stock after buying an additional 65,924 shares during the period. Geneva Capital Management LLC owned 0.16% of Ryan Specialty worth $18,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Ryan Specialty by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 621,861 shares of the company’s stock valued at $26,752,000 after buying an additional 22,646 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Ryan Specialty by 8.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,958,210 shares of the company’s stock worth $84,242,000 after purchasing an additional 158,322 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Ryan Specialty by 3.1% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,187 shares of the company’s stock worth $825,000 after purchasing an additional 581 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Ryan Specialty by 1,283.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after buying an additional 937 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Ryan Specialty by 31.2% in the fourth quarter. California Public Employees Retirement System now owns 136,653 shares of the company’s stock worth $5,879,000 after buying an additional 32,497 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Ryan Specialty Stock Up 0.7 %

RYAN stock traded up $0.38 during mid-day trading on Friday, hitting $53.71. The stock had a trading volume of 318,256 shares, compared to its average volume of 767,388. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 100.62 and a beta of 0.58. The company has a fifty day moving average of $52.80 and a 200 day moving average of $47.25. Ryan Specialty Holdings, Inc. has a 1-year low of $39.44 and a 1-year high of $56.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.98.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Ryan Specialty had a net margin of 9.15% and a return on equity of 46.11%. The firm had revenue of $552.00 million during the quarter, compared to analysts’ expectations of $549.06 million. During the same period in the prior year, the company posted $0.26 earnings per share. Ryan Specialty’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, equities analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.82%. Ryan Specialty’s payout ratio is currently 83.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RYAN. Citigroup boosted their target price on Ryan Specialty from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. Wells Fargo & Company lifted their target price on shares of Ryan Specialty from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Ryan Specialty from $47.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Ryan Specialty from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.25.

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.