Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells $1,917,057.96 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 29,466 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $65.06, for a total transaction of $1,917,057.96. Following the transaction, the director now owns 45,409 shares in the company, valued at $2,954,309.54. This represents a 39.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, January 15th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.99, for a total value of $2,309,650.00.
• On Friday, December 20th, Nicholas Dominic Cortezi sold 91 shares of Ryan Specialty stock. The shares were sold at an average price of $65.00, for a total value of $5,915.00.
• On Wednesday, December 18th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.17, for a total value of $2,280,950.00.
• 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.
• On Friday, December 13th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $67.39, for a total transaction of $2,358,650.00.

Ryan Specialty Stock Performance

RYAN traded down $0.12 during trading on Wednesday, hitting $66.20. 704,356 shares of the company traded hands, compared to its average volume of 1,169,740. Ryan Specialty Holdings, Inc. has a one year low of $42.21 and a one year high of $75.97. The stock’s fifty day moving average is $68.19 and its 200 day moving average is $65.80. 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 firm has a market cap of $17.33 billion, a P/E ratio of 85.97, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72.

Ryan Specialty (NYSE:RYAN) last released its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The firm had revenue of $604.69 million during the quarter, compared to the consensus estimate of $602.04 million. During the same period in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts predict that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is currently 57.14%.

Institutional Investors Weigh In On Ryan Specialty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in Ryan Specialty by 12.3% during the third quarter. Signaturefd LLC now owns 1,347 shares of the company’s stock worth $89,000 after purchasing an additional 148 shares during the period. UMB Bank n.a. lifted its stake in shares of Ryan Specialty by 5.2% during the 3rd quarter. UMB Bank n.a. now owns 5,224 shares of the company’s stock valued at $347,000 after buying an additional 256 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Ryan Specialty by 26.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,373 shares of the company’s stock worth $91,000 after buying an additional 286 shares during the period. Cooper Financial Group grew its stake in Ryan Specialty by 9.9% in the 4th quarter. Cooper Financial Group now owns 3,808 shares of the company’s stock valued at $244,000 after buying an additional 342 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Ryan Specialty in the 3rd quarter valued at approximately $25,000. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RYAN has been the subject of several recent research reports. BMO Capital Markets raised shares of Ryan Specialty from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. Bank of America boosted their price objective on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company dropped their target price on Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday. Morgan Stanley initiated coverage on Ryan Specialty in a report on Thursday, December 5th. They set an “overweight” rating and a $90.00 price target for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on Ryan Specialty from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Ryan Specialty has a consensus rating of “Hold” and a consensus target price of $74.40.

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.