Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) Director Nicholas Dominic Cortezi sold 35,000 shares of Ryan Specialty stock in a transaction on Monday, December 16th. The shares were sold at an average price of $66.71, for a total value of $2,334,850.00. Following the transaction, the director now directly owns 60,200 shares of the company's stock, valued at approximately $4,015,942. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Nicholas Dominic Cortezi also recently made the following trade(s):
- 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 transaction of $2,358,650.00.
Ryan Specialty Trading Down 1.5 %
Shares of RYAN opened at $65.44 on Wednesday. The stock's fifty day simple moving average is $70.69 and its 200-day simple moving average is $64.71. The firm has a market capitalization of $17.13 billion, a PE ratio of 84.99, a price-to-earnings-growth ratio of 1.52 and a beta of 0.67. Ryan Specialty Holdings, Inc. has a 12-month low of $41.57 and a 12-month high of $75.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.40.
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Ryan Specialty (NYSE:RYAN - Get Free Report) last issued 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. The firm had revenue of $604.69 million for the quarter, compared to analysts' expectations of $602.04 million. Ryan Specialty had a return on equity of 47.90% and a net margin of 10.31%. The company's revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. As a group, research analysts predict that Ryan Specialty Holdings, Inc. will post 1.82 earnings per share for the current year.
Ryan Specialty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, November 12th. Ryan Specialty's dividend payout ratio is currently 57.14%.
Analysts Set New Price Targets
RYAN has been the topic of several research analyst reports. Morgan Stanley began coverage on shares of Ryan Specialty in a research note on Thursday, December 5th. They set an "overweight" rating and a $90.00 price objective on the stock. Wells Fargo & Company increased their price target on Ryan Specialty from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Ryan Specialty from $64.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on Ryan Specialty from $75.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Barclays raised their target price on Ryan Specialty from $76.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $73.50.
Check Out Our Latest Analysis on RYAN
Institutional Trading of Ryan Specialty
Large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in Ryan Specialty in the second quarter valued at about $1,668,000. Retirement Systems of Alabama bought a new stake in shares of Ryan Specialty during the second quarter worth $7,316,000. Bank of New York Mellon Corp increased its position in shares of Ryan Specialty by 132.2% during the second quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company's stock worth $48,425,000 after acquiring an additional 476,126 shares in the last quarter. State of Michigan Retirement System acquired a new stake in shares of Ryan Specialty during the second quarter worth $1,621,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ryan Specialty by 14.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,069 shares of the company's stock valued at $1,336,000 after acquiring an additional 2,909 shares in the last quarter. Institutional investors own 84.82% of the company's stock.
About Ryan Specialty
(
Get Free Report)
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.
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