Alliance Wealth Advisors LLC UT Purchases 581 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Alliance Wealth Advisors LLC UT increased its position in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,187 shares of the company’s stock after buying an additional 581 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Ryan Specialty were worth $825,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in Ryan Specialty by 192.0% during the third quarter. PNC Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $27,000 after purchasing an additional 361 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Ryan Specialty by 27.6% during the third quarter. First Horizon Advisors Inc. now owns 2,409 shares of the company’s stock valued at $117,000 after purchasing an additional 521 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in Ryan Specialty by 12.5% during the third quarter. HBK Sorce Advisory LLC now owns 7,158 shares of the company’s stock valued at $346,000 after purchasing an additional 794 shares during the last quarter. Parkside Financial Bank & Trust boosted its position 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 valued at $43,000 after purchasing an additional 937 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Ryan Specialty by 12.5% during the third quarter. HighTower Advisors LLC now owns 9,258 shares of the company’s stock valued at $449,000 after purchasing an additional 1,030 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Ryan Specialty Price Performance

Ryan Specialty stock traded down $0.88 during mid-day trading on Friday, reaching $48.94. 997,957 shares of the company were exchanged, compared to its average volume of 792,696. The company has a fifty day simple moving average of $52.09 and a 200-day simple moving average of $46.96. Ryan Specialty Holdings, Inc. has a 12 month low of $39.44 and a 12 month high of $56.51. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $12.74 billion, a PE ratio of 95.96 and a beta of 0.52.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Ryan Specialty had a return on equity of 44.84% and a net margin of 9.36%. The firm had revenue of $532.90 million for the quarter, compared to analyst estimates of $524.08 million. During the same quarter last year, the company earned $0.27 EPS. The company’s revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts expect that Ryan Specialty Holdings, Inc. will post 1.77 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. Ryan Specialty’s payout ratio is 86.28%.

Analyst Upgrades and Downgrades

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

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.