Cornerstone Investment Partners LLC Purchases 343 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Cornerstone Investment Partners LLC increased its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,311 shares of the company’s stock after purchasing an additional 343 shares during the period. Cornerstone Investment Partners LLC’s holdings in Ryan Specialty were worth $597,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RYAN. Charles Schwab Investment Management Inc. increased its position in shares of Ryan Specialty by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,451 shares of the company’s stock valued at $62,521,000 after purchasing an additional 36,264 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Ryan Specialty by 3.7% during the 4th quarter. State of Michigan Retirement System now owns 25,200 shares of the company’s stock valued at $1,617,000 after purchasing an additional 900 shares during the last quarter. LGT Fund Management Co Ltd. purchased a new stake in shares of Ryan Specialty during the 4th quarter valued at $2,391,000. Jones Financial Companies Lllp increased its position in shares of Ryan Specialty by 982.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,450 shares of the company’s stock valued at $93,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Firetrail Investments PTY Ltd. increased its position in shares of Ryan Specialty by 32.6% during the 4th quarter. Firetrail Investments PTY Ltd. now owns 184,942 shares of the company’s stock valued at $11,909,000 after purchasing an additional 45,472 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RYAN has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Ryan Specialty from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods decreased their target price on Ryan Specialty from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. UBS Group increased their price target on Ryan Specialty from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Barclays increased their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley assumed coverage on Ryan Specialty in a research note on Thursday, December 5th. They set an “overweight” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Ryan Specialty presently has a consensus rating of “Hold” and an average price target of $75.27.

Ryan Specialty Stock Down 0.9 %

Shares of NYSE RYAN opened at $69.38 on Tuesday. Ryan Specialty Holdings, Inc. has a 52 week low of $48.48 and a 52 week high of $75.97. The business has a 50-day simple moving average of $66.13 and a two-hundred day simple moving average of $67.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The company has a market cap of $18.17 billion, a P/E ratio of 100.55, a P/E/G ratio of 1.19 and a beta of 0.72.

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

Ryan Specialty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Ryan Specialty’s previous quarterly dividend of $0.11. Ryan Specialty’s dividend payout ratio (DPR) is 69.57%.

Insider Activity

In other news, Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $66.71, for a total transaction of $2,334,850.00. Following the completion of the sale, the director now owns 60,200 shares in the company, valued at approximately $4,015,942. This trade represents a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 316,451 shares of company stock worth $20,907,793. 11.10% of the stock is currently owned by insiders.

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.