Sumitomo Mitsui DS Asset Management Company Ltd Purchases 24,656 Shares of Ryan Specialty Holdings Inc. $RYAN

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 56.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,671 shares of the company's stock after purchasing an additional 24,656 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Ryan Specialty were worth $3,870,000 at the end of the most recent reporting period.Get Ryan Specialty alerts:3 2021 IPOs Likely To Notch Further Big Price Gains A number of other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management boosted its holdings in shares of Ryan Specialty by 65.3% during the 2nd quarter. MAI Capital Management now owns 476 shares of the company's stock valued at $32,000 after buying an additional 188 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in Ryan Specialty by 5.6% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,595 shares of the company's stock valued at $203,000 after acquiring an additional 192 shares during the period. ProShare Advisors LLC boosted its stake in Ryan Specialty by 5.2% during the second quarter. ProShare Advisors LLC now owns 4,772 shares of the company's stock worth $324,000 after acquiring an additional 238 shares in the last quarter. Securian Asset Management Inc. grew its holdings in Ryan Specialty by 2.9% in the third quarter. Securian Asset Management Inc. now owns 8,438 shares of the company's stock worth $476,000 after purchasing an additional 241 shares during the period. Finally, Wealth Alliance LLC increased its stake in shares of Ryan Specialty by 6.4% during the second quarter. Wealth Alliance LLC now owns 4,371 shares of the company's stock valued at $297,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 84.82% of the company's stock. Analyst Ratings ChangesSeveral analysts recently weighed in on the company. The Goldman Sachs Group set a $61.00 price target on Ryan Specialty in a research note on Wednesday, January 7th. Barclays dropped their target price on Ryan Specialty from $65.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. Wolfe Research upgraded Ryan Specialty to a "strong-buy" rating in a report on Tuesday, September 16th. TD Cowen lowered their price target on Ryan Specialty from $89.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company upped their price target on shares of Ryan Specialty from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.88.View Our Latest Analysis on Ryan SpecialtyRyan Specialty Price PerformanceNYSE RYAN opened at $50.82 on Tuesday. Ryan Specialty Holdings Inc. has a one year low of $50.08 and a one year high of $77.16. The stock has a 50-day moving average of $54.52 and a 200 day moving average of $56.91. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 110.47, a PEG ratio of 1.22 and a beta of 0.63. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.00. Ryan Specialty (NYSE:RYAN - Get Free Report) last posted 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. The business had revenue of $754.58 million for the quarter, compared to analysts' expectations of $742.35 million. Ryan Specialty had a net margin of 7.61% and a return on equity of 47.93%. The business's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, sell-side analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year. Ryan Specialty Announces DividendThe business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a $0.12 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.48 annualized dividend and a yield of 0.9%. Ryan Specialty's dividend payout ratio (DPR) is currently 104.35%. Insider Buying and SellingIn other news, CEO Timothy William Turner sold 129,570 shares of the firm's stock in a transaction on Friday, December 12th. The stock was sold at an average price of $53.61, for a total value of $6,946,247.70. Following the transaction, the chief executive officer directly owned 12,553 shares in the company, valued at $672,966.33. This trade represents a 91.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 52.21% of the company's stock. Ryan Specialty Company Profile (Free Report)Ryan Specialty Group, Inc NYSE: RYAN is a global specialty insurance and reinsurance platform that partners with a network of insurers and reinsurers to deliver tailored risk solutions. The company focuses on complex and large-scale risks across multiple industry sectors, leveraging its underwriting expertise to structure coverage programs that meet clients' unique needs. Ryan Specialty's core offerings span a diverse range of specialty lines, including casualty, property, professional liability, marine and energy, program administration, and sports and entertainment.See AlsoFive stocks we like better than Ryan SpecialtyElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyTicker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyThis stock gets a 94 out of 100Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ryan Specialty Right Now?Before you consider Ryan Specialty, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryan Specialty wasn't on the list.While Ryan Specialty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here