Federated Hermes Inc. Trims Holdings in Ryan Specialty Holdings Inc. $RYAN

Federated Hermes Inc. reduced its stake in Ryan Specialty Holdings Inc. (NYSE:RYAN) by 99.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,408 shares of the company’s stock after selling 726,038 shares during the quarter. Federated Hermes Inc.’s holdings in Ryan Specialty were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RYAN. Golden State Wealth Management LLC boosted its position in shares of Ryan Specialty by 10,975.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 443 shares of the company’s stock valued at $30,000 after acquiring an additional 439 shares during the last quarter. MAI Capital Management boosted its holdings in Ryan Specialty by 65.3% in the 2nd quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $32,000 after purchasing an additional 188 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ryan Specialty by 83.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 599 shares of the company’s stock valued at $35,000 after purchasing an additional 273 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Ryan Specialty in the 2nd quarter valued at approximately $56,000. Finally, State of Wyoming acquired a new stake in shares of Ryan Specialty during the 2nd quarter worth approximately $62,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryan Specialty

In related news, CEO Timothy William Turner sold 129,570 shares of the business’s stock in a transaction on Friday, December 12th. The stock was 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 directly owned 12,553 shares of the company’s stock, valued at $672,966.33. The trade was a 91.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 52.21% of the company’s stock.

Ryan Specialty Stock Up 1.2%

Shares of RYAN opened at $47.57 on Monday. The company’s 50-day simple moving average is $51.52 and its 200-day simple moving average is $54.65. 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 Holdings Inc. has a 1 year low of $46.18 and a 1 year high of $77.16. The stock has a market capitalization of $12.55 billion, a PE ratio of 103.42, a P/E/G ratio of 1.20 and a beta of 0.62.

Analysts Set New Price Targets

Several brokerages recently weighed in on RYAN. Morgan Stanley set a $61.00 price objective on Ryan Specialty in a research report on Tuesday, December 16th. Jefferies Financial Group initiated coverage on Ryan Specialty in a research report on Monday, December 1st. They set a “hold” rating and a $64.00 price objective for the company. Mizuho set a $60.00 target price on shares of Ryan Specialty in a research report on Wednesday, January 14th. Wells Fargo & Company increased their target price on shares of Ryan Specialty from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Cantor Fitzgerald reduced their price target on shares of Ryan Specialty from $63.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Ryan Specialty presently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

About Ryan Specialty

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.