Blue Barn Wealth LLC Takes Position in Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Blue Barn Wealth LLC bought a new stake in Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,572 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors also recently bought and sold shares of RYAN. Arizona State Retirement System lifted its position in Ryan Specialty by 2.2% in the second quarter. Arizona State Retirement System now owns 28,246 shares of the company’s stock valued at $1,636,000 after purchasing an additional 611 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Ryan Specialty during the 2nd quarter valued at $1,233,000. Rhumbline Advisers boosted its position in Ryan Specialty by 153.9% during the 2nd quarter. Rhumbline Advisers now owns 283,952 shares of the company’s stock valued at $16,444,000 after buying an additional 172,101 shares during the period. Versor Investments LP bought a new stake in Ryan Specialty in the 2nd quarter worth $649,000. Finally, Embree Financial Group increased its position in shares of Ryan Specialty by 88.3% in the second quarter. Embree Financial Group now owns 57,712 shares of the company’s stock valued at $3,342,000 after acquiring an additional 27,058 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RYAN has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Citigroup increased their price objective on Ryan Specialty from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Bank of America assumed coverage on Ryan Specialty in a report on Wednesday, May 22nd. They set a “buy” rating and a $67.00 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $62.00 price target on shares of Ryan Specialty in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Ryan Specialty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ryan Specialty presently has an average rating of “Hold” and an average target price of $63.40.

Insider Activity

In other Ryan Specialty news, President Timothy William Turner sold 2,000,000 shares of Ryan Specialty stock in a transaction on Friday, August 9th. The stock was sold at an average price of $62.45, for a total value of $124,900,000.00. Following the completion of the sale, the president now owns 8,095 shares of the company’s stock, valued at approximately $505,532.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ryan Specialty news, President Timothy William Turner sold 2,000,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $62.45, for a total transaction of $124,900,000.00. Following the transaction, the president now owns 8,095 shares in the company, valued at approximately $505,532.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicholas Dominic Cortezi sold 5,375 shares of Ryan Specialty stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $64.73, for a total transaction of $347,923.75. Following the completion of the sale, the director now owns 2,685 shares of the company’s stock, valued at $173,800.05. The disclosure for this sale can be found here. Insiders have sold a total of 2,107,136 shares of company stock worth $131,860,032 over the last 90 days. 11.10% of the stock is currently owned by insiders.

Ryan Specialty Stock Down 0.3 %

Shares of NYSE:RYAN opened at $64.15 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $61.64 and a two-hundred day simple moving average of $56.09. Ryan Specialty Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $69.03. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 121.46, a PEG ratio of 1.53 and a beta of 0.62.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $695.40 million during the quarter, compared to the consensus estimate of $695.56 million. Ryan Specialty had a return on equity of 48.08% and a net margin of 10.21%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, research analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.11 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. Ryan Specialty’s dividend payout ratio is presently 83.02%.

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.