Ryan Specialty Holdings, Inc. (NYSE:RYAN) EVP Mark Stephen Katz Sells 14,790 Shares

Ryan Specialty Holdings, Inc. (NYSE:RYAN) EVP Mark Stephen Katz sold 14,790 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $71.39, for a total value of $1,055,858.10. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ryan Specialty Stock Performance

Shares of NYSE:RYAN traded down $0.07 during midday trading on Tuesday, reaching $71.62. The company’s stock had a trading volume of 508,627 shares, compared to its average volume of 878,482. The stock has a fifty day moving average of $67.71 and a 200 day moving average of $61.37. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $73.10. The firm has a market capitalization of $18.75 billion, a PE ratio of 93.21, a P/E/G ratio of 1.62 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

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

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.61%. Ryan Specialty’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

RYAN has been the subject of several research analyst reports. Barclays initiated coverage on Ryan Specialty in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 price objective for the company. Bank of America boosted their price target on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their target price on Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group increased their price target on Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and raised their target price for the company from $65.00 to $75.00 in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ryan Specialty presently has an average rating of “Hold” and an average target price of $70.33.

Institutional Investors Weigh In On Ryan Specialty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of Ryan Specialty by 57.3% during the first quarter. Janney Montgomery Scott LLC now owns 12,136 shares of the company’s stock valued at $674,000 after purchasing an additional 4,421 shares during the last quarter. Swiss National Bank raised its holdings in Ryan Specialty by 1.7% during the first quarter. Swiss National Bank now owns 198,400 shares of the company’s stock worth $11,011,000 after buying an additional 3,300 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ryan Specialty in the first quarter worth about $228,000. Entropy Technologies LP grew its stake in Ryan Specialty by 24.9% in the 1st quarter. Entropy Technologies LP now owns 39,695 shares of the company’s stock worth $2,203,000 after buying an additional 7,909 shares in the last quarter. Finally, Pembroke Management LTD increased its position in Ryan Specialty by 31.9% during the 1st quarter. Pembroke Management LTD now owns 340,979 shares of the company’s stock valued at $18,924,000 after purchasing an additional 82,426 shares during the period. 84.82% of the stock is currently owned by institutional investors.

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.