Ryan Specialty Holdings, Inc. (NYSE:RYAN) Shares Sold by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC reduced its position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) by 40.7% in the 3rd quarter, Holdings Channel reports. The firm owned 4,104 shares of the company’s stock after selling 2,819 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Ryan Specialty were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RYAN. Champlain Investment Partners LLC grew its holdings in shares of Ryan Specialty by 28.0% during the first quarter. Champlain Investment Partners LLC now owns 4,937,332 shares of the company’s stock worth $274,022,000 after buying an additional 1,079,505 shares in the last quarter. Blair William & Co. IL boosted its position in Ryan Specialty by 3.4% during the second quarter. Blair William & Co. IL now owns 2,866,003 shares of the company’s stock worth $165,970,000 after acquiring an additional 94,663 shares during the last quarter. Bessemer Group Inc. boosted its position in Ryan Specialty by 33.9% during the first quarter. Bessemer Group Inc. now owns 1,925,864 shares of the company’s stock worth $106,886,000 after acquiring an additional 488,067 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Ryan Specialty by 132.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock valued at $48,425,000 after acquiring an additional 476,126 shares in the last quarter. Finally, Norden Group LLC raised its holdings in Ryan Specialty by 2,138.1% in the 1st quarter. Norden Group LLC now owns 778,848 shares of the company’s stock valued at $43,226,000 after acquiring an additional 744,049 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RYAN shares. Barclays initiated coverage on Ryan Specialty in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $76.00 price target for the company. Bank of America upped their target price on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $62.00 target price on shares of Ryan Specialty in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Ryan Specialty has a consensus rating of “Hold” and a consensus price target of $70.33.

Insider Buying and Selling

In other Ryan Specialty news, President Timothy William Turner sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $62.45, for a total value of $124,900,000.00. Following the completion of the transaction, the president now owns 8,095 shares of the company’s stock, valued at $505,532.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, President Timothy William Turner sold 2,000,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $62.45, for a total transaction of $124,900,000.00. Following the completion of the transaction, the president now directly owns 8,095 shares of the company’s stock, valued at approximately $505,532.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nicholas Dominic Cortezi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.02, for a total transaction of $97,530.00. Following the transaction, the director now owns 25,123 shares of the company’s stock, valued at $1,633,497.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,107,136 shares of company stock valued at $131,860,032 in the last ninety days. Company insiders own 11.10% of the company’s stock.

Ryan Specialty Stock Up 1.4 %

Ryan Specialty stock opened at $69.75 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $66.79 and a 200 day moving average price of $60.05. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $73.10. The company has a market capitalization of $18.23 billion, a PE ratio of 108.98, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The firm had revenue of $695.40 million for the quarter, compared to the consensus estimate of $695.56 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Research analysts expect that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Tuesday, August 13th. Ryan Specialty’s dividend payout ratio (DPR) is currently 68.75%.

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.