Blue Barn Wealth LLC Purchases Shares of 3,572 Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Blue Barn Wealth LLC acquired a new position in Ryan Specialty Holdings, Inc. (NYSE:RYAN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,572 shares of the company’s stock, valued at approximately $207,000.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Ryan Specialty by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 621,861 shares of the company’s stock valued at $26,752,000 after purchasing an additional 22,646 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Ryan Specialty by 68.9% in the fourth quarter. Teacher Retirement System of Texas now owns 14,855 shares of the company’s stock valued at $639,000 after acquiring an additional 6,058 shares in the last quarter. Torray Investment Partners LLC boosted its stake in shares of Ryan Specialty by 2.3% in the fourth quarter. Torray Investment Partners LLC now owns 40,996 shares of the company’s stock worth $1,764,000 after acquiring an additional 923 shares during the period. Norges Bank purchased a new stake in shares of Ryan Specialty during the fourth quarter worth about $16,964,000. Finally, Firetrail Investments PTY Ltd. bought a new stake in Ryan Specialty during the 4th quarter valued at approximately $4,180,000. 84.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Nicholas Dominic Cortezi sold 5,375 shares of Ryan Specialty stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $64.73, for a total transaction of $347,923.75. Following the completion of the transaction, the director now directly owns 2,685 shares of the company’s stock, valued at approximately $173,800.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Jeremiah Rawlins Bickham sold 26,233 shares of Ryan Specialty stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $65.18, for a total transaction of $1,709,866.94. Following the completion of the sale, the executive vice president now owns 24,845 shares in the company, valued at approximately $1,619,397.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nicholas Dominic Cortezi sold 5,375 shares of Ryan Specialty stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $64.73, for a total transaction of $347,923.75. Following the sale, the director now owns 2,685 shares of the company’s stock, valued at approximately $173,800.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,107,136 shares of company stock valued at $131,860,032. Company insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RYAN shares. JPMorgan Chase & Co. lifted their price objective on shares of Ryan Specialty from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. UBS Group lifted their price target on shares of Ryan Specialty from $67.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Bank of America started coverage on shares of Ryan Specialty in a report on Wednesday, May 22nd. They issued a “buy” rating and a $67.00 price target on the stock. The Goldman Sachs Group lifted 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. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ryan Specialty presently has an average rating of “Hold” and a consensus price target of $63.40.

Ryan Specialty Stock Performance

Shares of NYSE:RYAN opened at $64.15 on Friday. Ryan Specialty Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $69.03. The stock has a market capitalization of $16.77 billion, a P/E ratio of 121.46, a PEG ratio of 1.53 and a beta of 0.62. The firm has a fifty day simple moving average of $61.64 and a two-hundred day simple moving average of $56.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.81.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.58 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $695.56 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue was up 18.9% on a year-over-year basis. On average, analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.69%. Ryan Specialty’s dividend payout ratio is presently 83.02%.

Ryan Specialty Company 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.