Alberta Investment Management Corp Buys Shares of 8,985 Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Alberta Investment Management Corp bought a new stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,985 shares of the company’s stock, valued at approximately $576,000.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in shares of Ryan Specialty by 60.2% in the 3rd quarter. Jennison Associates LLC now owns 1,025,063 shares of the company’s stock valued at $68,054,000 after acquiring an additional 385,366 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ryan Specialty by 107.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 459,464 shares of the company’s stock valued at $30,504,000 after acquiring an additional 238,064 shares during the period. Geneva Partners LLC acquired a new stake in shares of Ryan Specialty in the 3rd quarter valued at approximately $2,537,000. Bar Harbor Wealth Management raised its position in shares of Ryan Specialty by 5.9% in the 4th quarter. Bar Harbor Wealth Management now owns 168,871 shares of the company’s stock valued at $10,835,000 after acquiring an additional 9,482 shares during the period. Finally, Barclays PLC raised its position in shares of Ryan Specialty by 1.1% in the 3rd quarter. Barclays PLC now owns 1,641,743 shares of the company’s stock valued at $108,994,000 after acquiring an additional 17,267 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryan Specialty

In related news, Director Nicholas Dominic Cortezi sold 35,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.39, for a total value of $2,358,650.00. Following the completion of the transaction, the director now directly owns 65,100 shares of the company’s stock, valued at approximately $4,387,089. This trade represents a 34.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 316,451 shares of company stock valued at $20,907,793. 11.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RYAN shares. Morgan Stanley started coverage on shares of Ryan Specialty in a research report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods lowered their target price on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday. Wells Fargo & Company increased their target price on Ryan Specialty from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday. Royal Bank of Canada lowered their target price on Ryan Specialty from $73.00 to $72.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Barclays increased their target price on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.55.

Ryan Specialty Price Performance

Shares of RYAN opened at $65.55 on Friday. The stock has a market capitalization of $17.16 billion, a P/E ratio of 95.00, a P/E/G ratio of 1.19 and a beta of 0.72. Ryan Specialty Holdings, Inc. has a twelve month low of $45.72 and a twelve month high of $75.97. The company has a 50 day moving average of $65.57 and a 200-day moving average of $67.28. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ryan Specialty had a net margin of 9.14% and a return on equity of 48.01%. The firm had revenue of $663.53 million during the quarter, compared to the consensus estimate of $658.80 million. As a group, equities research analysts forecast that Ryan Specialty Holdings, Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Ryan Specialty’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. Ryan Specialty’s dividend payout ratio (DPR) is currently 63.77%.

Ryan Specialty Company 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.