Parkside Financial Bank & Trust Raises Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Parkside Financial Bank & Trust increased its holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 1,283.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,010 shares of the company’s stock after purchasing an additional 937 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Ryan Specialty were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in RYAN. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Ryan Specialty in the 3rd quarter worth $58,079,000. Boston Partners purchased a new position in shares of Ryan Specialty in the third quarter valued at about $50,090,000. Vanguard Group Inc. increased its position in shares of Ryan Specialty by 4.9% in the third quarter. Vanguard Group Inc. now owns 9,198,624 shares of the company’s stock valued at $445,213,000 after acquiring an additional 428,165 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Ryan Specialty by 26.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,159,648 shares of the company’s stock valued at $56,127,000 after acquiring an additional 245,827 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Ryan Specialty by 17.7% in the third quarter. American Century Companies Inc. now owns 1,624,944 shares of the company’s stock valued at $78,647,000 after acquiring an additional 244,490 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Ratings Changes

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

Ryan Specialty Price Performance

Shares of RYAN opened at $48.94 on Friday. The stock has a market cap of $12.74 billion, a PE ratio of 95.96 and a beta of 0.52. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.16 and a current ratio of 1.16. Ryan Specialty Holdings, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $56.51. The firm’s 50-day simple moving average is $52.09 and its two-hundred day simple moving average is $46.96.

Ryan Specialty (NYSE:RYAN) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $532.90 million for the quarter, compared to analysts’ expectations of $524.08 million. Ryan Specialty had a net margin of 9.36% and a return on equity of 44.84%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.34 dividend. The ex-dividend date was Tuesday, March 12th. Ryan Specialty’s dividend payout ratio (DPR) is presently 86.28%.

Ryan Specialty 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.