Squarepoint Ops LLC Sells 18,918 Shares of Ryan Specialty Holdings Inc. $RYAN

Squarepoint Ops LLC trimmed its position in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,898 shares of the company’s stock after selling 18,918 shares during the period. Squarepoint Ops LLC’s holdings in Ryan Specialty were worth $5,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Ryan Specialty by 15.3% in the first quarter. LPL Financial LLC now owns 37,897 shares of the company’s stock worth $2,799,000 after buying an additional 5,033 shares during the last quarter. Deutsche Bank AG increased its holdings in Ryan Specialty by 11.5% during the first quarter. Deutsche Bank AG now owns 12,055 shares of the company’s stock valued at $891,000 after buying an additional 1,241 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ryan Specialty in the first quarter worth approximately $467,000. Nuveen LLC purchased a new position in shares of Ryan Specialty during the 1st quarter worth $26,739,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Ryan Specialty by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 13,642 shares of the company’s stock worth $1,008,000 after acquiring an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RYAN shares. Cowen restated a “buy” rating on shares of Ryan Specialty in a research note on Wednesday, November 26th. Mizuho set a $61.00 price target on Ryan Specialty in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on Ryan Specialty from $64.00 to $63.00 and set an “underweight” rating on the stock in a research report on Thursday, October 9th. Keefe, Bruyette & Woods cut their price objective on Ryan Specialty from $73.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, UBS Group decreased their target price on shares of Ryan Specialty from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Insider Activity at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $53.61, for a total transaction of $6,946,247.70. Following the completion of the transaction, the chief executive officer owned 12,553 shares in the company, valued at approximately $672,966.33. This represents a 91.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 52.21% of the company’s stock.

Ryan Specialty Stock Performance

NYSE RYAN opened at $54.21 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.72. Ryan Specialty Holdings Inc. has a twelve month low of $50.08 and a twelve month high of $77.16. The business has a 50-day moving average price of $55.32 and a 200-day moving average price of $59.14. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 117.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.61.

Ryan Specialty (NYSE:RYAN) last issued 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. Ryan Specialty had a return on equity of 47.93% and a net margin of 7.61%.The company had revenue of $754.58 million for the quarter, compared to the consensus estimate of $742.35 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. As a group, equities research analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Ryan Specialty’s dividend payout ratio (DPR) is presently 104.35%.

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.