Insider Selling: Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells 35,000 Shares of Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 35,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $65.25, for a total value of $2,283,750.00. Following the completion of the sale, the director now directly owns 6,209 shares of the company’s stock, valued at $405,137.25. The trade was a 84.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, January 23rd, Nicholas Dominic Cortezi sold 10,485 shares of Ryan Specialty stock. The stock was sold at an average price of $65.12, for a total value of $682,783.20.
• On Tuesday, January 21st, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were sold at an average price of $66.35, for a total value of $2,322,250.00.
• On Friday, January 17th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $67.15, for a total value of $2,350,250.00.
• On Wednesday, January 15th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.99, for a total value of $2,309,650.00.
• On Monday, January 13th, Nicholas Dominic Cortezi sold 29,466 shares of Ryan Specialty stock. The stock was sold at an average price of $65.06, for a total value of $1,917,057.96.
• On Friday, December 20th, Nicholas Dominic Cortezi sold 91 shares of Ryan Specialty stock. The stock was sold at an average price of $65.00, for a total value of $5,915.00.
• On Wednesday, December 18th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $65.17, for a total value of $2,280,950.00.
• On Monday, December 16th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $66.71, for a total value of $2,334,850.00.
• On Friday, December 13th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The stock was sold at an average price of $67.39, for a total value of $2,358,650.00.

Ryan Specialty Stock Up 0.4 %

Shares of RYAN traded up $0.25 during trading on Tuesday, reaching $65.61. The company’s stock had a trading volume of 1,328,999 shares, compared to its average volume of 1,047,870. The company has a fifty day moving average of $67.14 and a two-hundred day moving average of $66.40. Ryan Specialty Holdings, Inc. has a twelve month low of $42.21 and a twelve month high of $75.97. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 85.20, a P/E/G ratio of 1.14 and a beta of 0.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.

Ryan Specialty (NYSE:RYAN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $604.69 million for the quarter, compared to analyst estimates of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. On average, sell-side analysts predict 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. Investors of record on Tuesday, November 12th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio is currently 57.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its stake in Ryan Specialty by 33.9% during the 4th quarter. Stephens Inc. AR now owns 5,836 shares of the company’s stock worth $374,000 after buying an additional 1,477 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Ryan Specialty by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,235,114 shares of the company’s stock worth $79,245,000 after purchasing an additional 4,907 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Ryan Specialty by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 12,130 shares of the company’s stock worth $778,000 after purchasing an additional 190 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Ryan Specialty by 4.1% in the fourth quarter. Retirement Systems of Alabama now owns 129,368 shares of the company’s stock worth $8,300,000 after purchasing an additional 5,099 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Ryan Specialty by 9.9% in the fourth quarter. DAVENPORT & Co LLC now owns 4,144 shares of the company’s stock worth $266,000 after purchasing an additional 374 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RYAN has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Ryan Specialty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley began coverage on Ryan Specialty in a report on Thursday, December 5th. They issued an “overweight” rating and a $90.00 price target for the company. Bank of America boosted 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. Barclays boosted their target price on Ryan Specialty from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group boosted their target price on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.40.

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.