Dopkins Wealth Management LLC Cuts Stock Holdings in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Dopkins Wealth Management LLC decreased its stake in shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,113 shares of the company’s stock after selling 1,265 shares during the period. Ryan Specialty comprises about 1.4% of Dopkins Wealth Management LLC’s holdings, making the stock its 15th largest position. Dopkins Wealth Management LLC’s holdings in Ryan Specialty were worth $1,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Securian Asset Management Inc. purchased a new position in Ryan Specialty in the second quarter worth $474,000. Xponance Inc. boosted its position in Ryan Specialty by 67.2% in the second quarter. Xponance Inc. now owns 20,686 shares of the company’s stock worth $1,198,000 after purchasing an additional 8,312 shares during the last quarter. Geneva Partners LLC purchased a new position in Ryan Specialty in the third quarter worth $2,537,000. Susquehanna Fundamental Investments LLC boosted its position in Ryan Specialty by 2,354.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 100,614 shares of the company’s stock worth $5,827,000 after purchasing an additional 96,514 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new stake in shares of Ryan Specialty in the second quarter valued at $7,316,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark Stephen Katz sold 14,790 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the completion of the transaction, the executive vice president now directly owns 12,386 shares in the company, valued at $884,236.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark Stephen Katz sold 14,790 shares of the company’s stock in a transaction dated 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 directly owns 12,386 shares in the company, 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 can be accessed through this link. Also, Director Nicholas Dominic Cortezi sold 2,325 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $64.60, for a total value of $150,195.00. Following the completion of the transaction, the director now owns 3,463 shares of the company’s stock, valued at $223,709.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,193 shares of company stock worth $6,208,493 over the last ninety days. 11.10% of the stock is owned by corporate insiders.

Ryan Specialty Stock Performance

NYSE:RYAN opened at $71.72 on Thursday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.01 and a current ratio of 1.01. Ryan Specialty Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $73.10. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 93.14, a PEG ratio of 1.63 and a beta of 0.62. The business’s fifty day moving average is $68.01 and its 200 day moving average is $61.60.

Ryan Specialty (NYSE:RYAN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. Research analysts predict that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current year.

Ryan Specialty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 12th. Ryan Specialty’s payout ratio is 57.14%.

Analysts Set New Price Targets

Several brokerages have issued reports on RYAN. Bank of America boosted their target price on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays began coverage on Ryan Specialty in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 target price on the stock. Citigroup boosted their target price on Ryan Specialty from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company boosted their target price 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. Finally, The Goldman Sachs Group boosted their target price on Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.33.

Ryan Specialty 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.