Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi Sells 35,000 Shares

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.39, for a total value of $2,358,650.00. Following the completion of the transaction, the director now owns 65,100 shares in the company, valued at $4,387,089. This represents a 34.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 16th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were sold at an average price of $66.71, for a total transaction of $2,334,850.00.

Ryan Specialty Stock Down 1.5 %

NYSE:RYAN opened at $65.44 on Wednesday. The firm has a market capitalization of $17.13 billion, a P/E ratio of 84.99, a PEG ratio of 1.52 and a beta of 0.67. Ryan Specialty Holdings, Inc. has a 1-year low of $41.57 and a 1-year high of $75.97. The company’s fifty day moving average price is $70.69 and its 200-day moving average price is $64.71. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.01 and a quick ratio of 1.01.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The business 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 47.90% and a net margin of 10.31%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, equities research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.44 annualized dividend and a yield of 0.67%. Ryan Specialty’s dividend payout ratio is presently 57.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Ryan Specialty during the 3rd quarter valued at about $25,000. Assetmark Inc. purchased a new stake in shares of Ryan Specialty in the third quarter valued at approximately $34,000. Crewe Advisors LLC purchased a new stake in shares of Ryan Specialty in the second quarter valued at approximately $39,000. Quarry LP raised its stake in shares of Ryan Specialty by 109.3% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $54,000 after buying an additional 422 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Ryan Specialty by 106.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $83,000 after buying an additional 644 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price target 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. Morgan Stanley started coverage on Ryan Specialty in a research note on Thursday, December 5th. They set an “overweight” rating and a $90.00 price target on the stock. BMO Capital Markets raised shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Ryan Specialty currently has a consensus rating of “Hold” and a consensus target price of $73.50.

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.