IHT Wealth Management LLC Sells 1,860 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN)

IHT Wealth Management LLC lessened its stake in Ryan Specialty Holdings, Inc. (NYSE:RYANFree Report) by 32.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,959 shares of the company’s stock after selling 1,860 shares during the period. IHT Wealth Management LLC’s holdings in Ryan Specialty were worth $263,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of Ryan Specialty during the third quarter worth $25,000. Assetmark Inc. bought a new stake in Ryan Specialty during the 3rd quarter worth about $34,000. Crewe Advisors LLC acquired a new position in Ryan Specialty during the 2nd quarter valued at about $39,000. GAMMA Investing LLC boosted its stake in shares of Ryan Specialty by 106.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $83,000 after purchasing an additional 644 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Ryan Specialty during the 2nd quarter worth approximately $87,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. UBS Group raised their price target on Ryan Specialty from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Wells Fargo & Company upped their price objective on Ryan Specialty from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Bank of America raised their target price on Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley started coverage on Ryan Specialty in a research note on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.50.

Get Our Latest Stock Report on Ryan Specialty

Insider Transactions at Ryan Specialty

In other news, EVP Mark Stephen Katz sold 14,790 shares of the firm’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 owns 12,386 shares in the company, valued at $884,236.54. This trade represents a 54.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Bolger sold 7,055 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $70.88, for a total value of $500,058.40. Following the sale, the director now owns 78,149 shares in the company, valued at $5,539,201.12. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.10% of the company’s stock.

Ryan Specialty Stock Performance

Shares of RYAN opened at $67.81 on Wednesday. The firm’s 50 day moving average price is $71.03 and its two-hundred day moving average price is $64.28. 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 twelve month low of $41.49 and a twelve month high of $75.97. The firm has a market cap of $17.76 billion, a P/E ratio of 88.06, a PEG ratio of 1.63 and a beta of 0.67.

Ryan Specialty (NYSE:RYANGet Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $604.69 million during the quarter, compared to analysts’ expectations of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, analysts forecast that Ryan Specialty Holdings, Inc. will post 1.82 EPS for the current fiscal year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is currently 57.14%.

Ryan Specialty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryan Specialty (NYSE:RYAN)

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