Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,617,395 shares of the company’s stock after selling 36,970 shares during the period. Ryan Specialty makes up approximately 1.5% of Stephens Investment Management Group LLC’s holdings, making the stock its 11th biggest position. Stephens Investment Management Group LLC’s holdings in Ryan Specialty were worth $107,379,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its position in shares of Ryan Specialty by 19.4% during the 1st quarter. Maryland State Retirement & Pension System now owns 7,556 shares of the company’s stock worth $381,000 after buying an additional 1,227 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in Ryan Specialty in the first quarter worth approximately $303,000. Precision Wealth Strategies LLC increased its holdings in shares of Ryan Specialty by 4.1% in the first quarter. Precision Wealth Strategies LLC now owns 15,774 shares of the company’s stock valued at $875,000 after buying an additional 617 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ryan Specialty by 57.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,136 shares of the company’s stock valued at $674,000 after acquiring an additional 4,421 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Ryan Specialty during the 1st quarter worth $727,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RYAN. Citigroup lifted their price target on Ryan Specialty from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Bank of America upped their price target on shares of Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays started coverage on shares of Ryan Specialty in a research note on Wednesday, September 4th. They set an “overweight” rating and a $76.00 target price on the stock. BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $75.00 in a report on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their target price on Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.33.

Insider Activity

In related news, Director Nicholas Dominic Cortezi sold 5,375 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $64.73, for a total transaction of $347,923.75. Following the completion of the transaction, the director now owns 2,685 shares in the company, valued at approximately $173,800.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Timothy William Turner sold 2,000,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $62.45, for a total transaction of $124,900,000.00. Following the completion of the sale, the president now owns 8,095 shares of the company’s stock, valued at $505,532.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nicholas Dominic Cortezi sold 5,375 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $64.73, for a total transaction of $347,923.75. Following the completion of the transaction, the director now directly owns 2,685 shares of the company’s stock, valued at approximately $173,800.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,107,136 shares of company stock valued at $131,860,032 in the last 90 days. 11.10% of the stock is owned by company insiders.

Ryan Specialty Stock Down 4.4 %

Ryan Specialty stock opened at $65.91 on Friday. The company has a market capitalization of $17.23 billion, a P/E ratio of 85.59, a P/E/G ratio of 1.56 and a beta of 0.62. Ryan Specialty Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $73.10. The firm’s fifty day simple moving average is $66.99 and its 200-day simple moving average is $60.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.81.

Ryan Specialty (NYSE:RYAN) last posted its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 48.99% and a net margin of 10.31%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. Sell-side analysts forecast that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, November 12th. Ryan Specialty’s dividend payout ratio is presently 57.14%.

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.