Ryan Specialty Holdings, Inc. (NYSE:RYAN) President Sells $124,900,000.00 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) President Timothy William Turner sold 2,000,000 shares of Ryan Specialty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the sale, the president now directly owns 8,095 shares in the company, valued at $505,532.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ryan Specialty Trading Down 0.6 %

RYAN stock opened at $65.09 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.09 and a quick ratio of 1.15. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 122.81, a P/E/G ratio of 1.55 and a beta of 0.62. The business has a fifty day moving average price of $58.21 and a 200 day moving average price of $53.48. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.03.

Ryan Specialty (NYSE:RYAN) last announced its earnings results on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The company had revenue of $695.40 million during the quarter, compared to analyst estimates of $695.56 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts expect that Ryan Specialty Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is currently 83.02%.

Wall Street Analyst Weigh In

RYAN has been the topic of a number of research reports. UBS Group boosted their price objective on Ryan Specialty from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Citigroup raised their price objective on shares of Ryan Specialty from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Bank of America started coverage on shares of Ryan Specialty in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 target price on the stock. Finally, JMP Securities restated a “market perform” rating on shares of Ryan Specialty in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $61.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Ryan Specialty by 96.4% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after acquiring an additional 297 shares during the last quarter. Crewe Advisors LLC bought a new stake in Ryan Specialty during the 2nd quarter worth about $39,000. Parkside Financial Bank & Trust lifted its position in Ryan Specialty by 1,283.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock valued at $43,000 after purchasing an additional 937 shares during the period. Intelligent Financial Strategies bought a new position in shares of Ryan Specialty in the 1st quarter valued at about $44,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Ryan Specialty during the 1st quarter worth approximately $45,000. Institutional investors own 84.82% of the company’s stock.

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.