Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells $2,264,150.00 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 35,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $64.69, for a total value of $2,264,150.00. Following the completion of the sale, the director now owns 19,251 shares in the company, valued at $1,245,347.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nicholas Dominic Cortezi also recently made the following trade(s):

• On Thursday, August 15th, Nicholas Dominic Cortezi sold 1,500 shares of Ryan Specialty stock. The stock was sold at an average price of $65.02, for a total value of $97,530.00.

Ryan Specialty Stock Performance

Ryan Specialty stock traded up $0.28 during mid-day trading on Monday, hitting $64.77. 624,108 shares of the company’s stock traded hands, compared to its average volume of 912,237. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.03. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 121.68, a P/E/G ratio of 1.54 and a beta of 0.62. The firm has a 50 day simple moving average of $59.13 and a two-hundred day simple moving average of $54.22. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.09 and a quick ratio of 1.09.

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

Ryan Specialty Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.68%. Ryan Specialty’s dividend payout ratio (DPR) is currently 83.02%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group increased their target price on Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $62.00 price target on shares of Ryan Specialty in a research report on Tuesday, July 2nd. Wolfe Research cut shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Monday, May 6th. Bank of America assumed coverage on shares of Ryan Specialty in a report on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Ryan Specialty from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ryan Specialty currently has an average rating of “Hold” and a consensus target price of $62.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Ryan Specialty by 96.4% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $35,000 after purchasing an additional 297 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in Ryan Specialty by 3.1% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,187 shares of the company’s stock valued at $825,000 after buying an additional 581 shares during the period. Arizona State Retirement System raised its position in shares of Ryan Specialty by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 28,246 shares of the company’s stock valued at $1,636,000 after buying an additional 611 shares in the last quarter. Precision Wealth Strategies LLC lifted its holdings in shares of Ryan Specialty by 4.1% during the 1st quarter. Precision Wealth Strategies LLC now owns 15,774 shares of the company’s stock worth $875,000 after acquiring an additional 617 shares during the period. Finally, Anderson Hoagland & Co. boosted its position in shares of Ryan Specialty by 1.2% during the 2nd quarter. Anderson Hoagland & Co. now owns 51,615 shares of the company’s stock worth $2,909,000 after acquiring an additional 624 shares in the last quarter. 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.