Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Sells $2,280,950.00 in Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN) Director Nicholas Dominic Cortezi sold 35,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $65.17, for a total transaction of $2,280,950.00. Following the transaction, the director now directly owns 50,400 shares of the company’s stock, valued at $3,284,568. The trade was a 40.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, December 20th, Nicholas Dominic Cortezi sold 91 shares of Ryan Specialty stock. The shares were sold at an average price of $65.00, for a total value of $5,915.00.
• On Monday, December 16th, Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock. The shares were 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 shares were sold at an average price of $67.39, for a total value of $2,358,650.00.

Ryan Specialty Price Performance

Shares of RYAN opened at $64.49 on Thursday. The stock has a market cap of $16.89 billion, a P/E ratio of 83.75, a P/E/G ratio of 1.52 and a beta of 0.67. The business’s fifty day moving average is $69.80 and its 200 day moving average is $65.00. 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 Holdings, Inc. has a 12-month low of $41.65 and a 12-month high of $75.97.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The firm had revenue of $604.69 million during the quarter, compared to analysts’ expectations of $602.04 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. Sell-side analysts anticipate that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.

Ryan Specialty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RYAN. Principal Financial Group Inc. raised its position in Ryan Specialty by 148.9% in the 3rd quarter. Principal Financial Group Inc. now owns 851,704 shares of the company’s stock valued at $56,545,000 after buying an additional 509,548 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Ryan Specialty by 30.4% in the third quarter. Tidal Investments LLC now owns 12,255 shares of the company’s stock valued at $814,000 after purchasing an additional 2,858 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Ryan Specialty during the third quarter worth about $193,000. Sanctuary Advisors LLC grew its position in Ryan Specialty by 11.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,502 shares of the company’s stock worth $1,140,000 after purchasing an additional 1,651 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Ryan Specialty in the 3rd quarter valued at about $263,000. Institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RYAN shares. Wells Fargo & Company boosted their price target on shares of Ryan Specialty from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Barclays upped their price target on shares of Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets raised Ryan Specialty from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $75.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group raised their target price on Ryan Specialty from $64.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. 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 on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.50.

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.