Ryan Specialty Holdings, Inc. (NYSE:RYAN) EVP Sells $1,055,858.10 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) EVP Mark Stephen Katz sold 14,790 shares of Ryan Specialty stock in a transaction on Friday, November 8th. The stock was sold at an average price of $71.39, for a total transaction of $1,055,858.10. Following the transaction, the executive vice president now directly owns 12,386 shares in the company, valued at approximately $884,236.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ryan Specialty Stock Down 0.1 %

Shares of NYSE:RYAN traded down $0.07 on Tuesday, reaching $71.62. The company had a trading volume of 508,627 shares, compared to its average volume of 878,482. Ryan Specialty Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $73.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $18.75 billion, a P/E ratio of 93.21, a P/E/G ratio of 1.62 and a beta of 0.62. The stock has a 50-day moving average price of $67.71 and a 200 day moving average price of $61.37.

Ryan Specialty (NYSE:RYAN) 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. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The firm had revenue of $604.69 million during the quarter, compared to analysts’ expectations of $602.04 million. During the same quarter in the prior year, the company earned $0.32 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 EPS for the current year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. Ryan Specialty’s dividend payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

RYAN has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Bank of America upped their price objective on shares of Ryan Specialty from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their target price on shares of Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Barclays began coverage on shares of Ryan Specialty in a research note on Wednesday, September 4th. They set an “overweight” rating and a $76.00 target price for the company. Finally, UBS Group upped their target price on Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ryan Specialty presently has an average rating of “Hold” and an average price target of $70.33.

Institutional Investors Weigh In On Ryan Specialty

Several large investors have recently modified their holdings of RYAN. Hollencrest Capital Management bought a new stake in Ryan Specialty during the third quarter worth about $25,000. Assetmark Inc. purchased a new position in Ryan Specialty during the 3rd quarter valued at about $34,000. GAMMA Investing LLC boosted its holdings in shares of Ryan Specialty by 96.4% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $35,000 after buying an additional 297 shares in the last quarter. Crewe Advisors LLC purchased a new position in Ryan Specialty during the 2nd quarter worth approximately $39,000. Finally, Rothschild Investment LLC purchased a new position in Ryan Specialty during the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

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.