Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells $2,264,150.00 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction on Monday, August 19th. The stock was sold at an average price of $64.69, for a total transaction of $2,264,150.00. Following the completion of the transaction, the director now directly owns 19,251 shares of the company’s stock, valued at approximately $1,245,347.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 15th, Nicholas Dominic Cortezi sold 1,500 shares of Ryan Specialty stock. The stock was sold at an average price of $65.02, for a total transaction of $97,530.00.

Ryan Specialty Price Performance

Shares of NYSE RYAN opened at $65.09 on Thursday. Ryan Specialty Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.03. The firm’s 50-day simple moving average is $59.82 and its 200 day simple moving average is $54.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81. The stock has a market cap of $17.02 billion, a P/E ratio of 122.81, a P/E/G ratio of 1.53 and a beta of 0.62.

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

Ryan Specialty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, August 13th. Ryan Specialty’s dividend payout ratio (DPR) is presently 83.02%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RYAN. JPMorgan Chase & Co. lifted their price objective on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Wolfe Research downgraded shares of Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Monday, May 6th. Bank of America initiated coverage on shares of Ryan Specialty in a report on Wednesday, May 22nd. They set a “buy” rating and a $67.00 price target for the company. Citigroup boosted their price target on shares of Ryan Specialty from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Ryan Specialty from $58.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.

Institutional Investors Weigh In On Ryan Specialty

Several hedge funds and other institutional investors have recently bought and sold shares of RYAN. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ryan Specialty by 9.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,898 shares of the company’s stock worth $942,000 after acquiring an additional 1,896 shares in the last quarter. Federated Hermes Inc. raised its holdings in Ryan Specialty by 941.7% during the 4th quarter. Federated Hermes Inc. now owns 108,346 shares of the company’s stock worth $4,661,000 after buying an additional 97,945 shares during the period. Handelsbanken Fonder AB raised its holdings in Ryan Specialty by 30.6% during the 4th quarter. Handelsbanken Fonder AB now owns 14,100 shares of the company’s stock worth $607,000 after buying an additional 3,300 shares during the period. California Public Employees Retirement System raised its holdings in Ryan Specialty by 31.2% during the 4th quarter. California Public Employees Retirement System now owns 136,653 shares of the company’s stock worth $5,879,000 after buying an additional 32,497 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Ryan Specialty by 1,283.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,010 shares of the company’s stock worth $43,000 after buying an additional 937 shares during the period. 84.82% of the stock is currently owned by institutional investors.

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.