Janney Montgomery Scott LLC Increases Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Janney Montgomery Scott LLC increased its holdings in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,825 shares of the company’s stock after purchasing an additional 831 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryan Specialty were worth $1,144,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in Ryan Specialty in the second quarter valued at $261,000. Northwestern Mutual Wealth Management Co. grew its stake in Ryan Specialty by 1,688.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,844 shares of the company’s stock worth $165,000 after buying an additional 2,685 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Ryan Specialty in the second quarter valued at approximately $802,000. Handelsbanken Fonder AB boosted its holdings in shares of Ryan Specialty by 21.4% in the third quarter. Handelsbanken Fonder AB now owns 24,400 shares of the company’s stock valued at $1,620,000 after acquiring an additional 4,300 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Ryan Specialty by 106.4% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $83,000 after acquiring an additional 644 shares during the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ryan Specialty

In other news, EVP Mark Stephen Katz sold 14,790 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $71.39, for a total value of $1,055,858.10. Following the sale, the executive vice president now directly owns 12,386 shares in the company, valued at $884,236.54. This represents a 54.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David P. Bolger sold 7,055 shares of Ryan Specialty stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $70.88, for a total value of $500,058.40. Following the transaction, the director now owns 78,149 shares of the company’s stock, valued at $5,539,201.12. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 338,296 shares of company stock valued at $22,463,709 in the last quarter. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. The Goldman Sachs Group raised their price target on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Bank of America upped their price objective on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley initiated coverage on Ryan Specialty in a research note on Thursday, December 5th. They issued an “overweight” rating and a $90.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.40.

Ryan Specialty Stock Up 1.6 %

RYAN stock opened at $68.54 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. The company’s 50-day moving average price is $66.52 and its 200 day moving average price is $66.72. Ryan Specialty Holdings, Inc. has a 52 week low of $42.34 and a 52 week high of $75.97. The company has a market cap of $17.95 billion, a P/E ratio of 89.01, a P/E/G ratio of 1.16 and a beta of 0.72.

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.