Insider Selling: Ryan Specialty Holdings, Inc. (NYSE:RYAN) EVP Sells 14,790 Shares of Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) EVP Mark Stephen Katz sold 14,790 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the sale, the executive vice president now owns 12,386 shares of the company’s stock, valued at approximately $884,236.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ryan Specialty Stock Performance

Shares of RYAN opened at $71.62 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock has a market cap of $18.75 billion, a P/E ratio of 93.01, a P/E/G ratio of 1.62 and a beta of 0.62. The business’s 50 day moving average price is $67.85 and its 200-day moving average price is $61.53. Ryan Specialty Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $73.10.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $604.69 million for the quarter, compared to analysts’ expectations of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. Ryan Specialty’s dividend payout ratio is presently 57.14%.

Institutional Investors Weigh In On Ryan Specialty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in Ryan Specialty during the 3rd quarter valued at $25,000. Assetmark Inc. purchased a new position in Ryan Specialty in the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its stake in Ryan Specialty by 96.4% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after acquiring an additional 297 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Ryan Specialty during the 2nd quarter valued at about $39,000. Finally, Rothschild Investment LLC bought a new stake in shares of Ryan Specialty in the second quarter worth approximately $87,000. Institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. UBS Group raised their price target on Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group lifted their price target on shares of Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. BMO Capital Markets upgraded shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. Finally, Bank of America boosted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $70.33.

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.