Focus Partners Advisor Solutions LLC Sells 4,642 Shares of Ryan Specialty Holdings Inc. $RYAN

Key Points

• Focus Partners Advisor Solutions LLC has decreased its position in Ryan Specialty Holdings Inc. by 18.1%, now holding approximately 20,944 shares valued at $1.55 million.
• Insider Mark Stephen Katz sold 14,377 shares, marking a 92.79% decrease in his position, with the stock traded at an average price of $65.84.
• Wall Street analysts have mixed views, with a consensus price target of $74.83, but some firms have lowered their targets recently, indicating a cautious outlook.

Focus Partners Advisor Solutions LLC cut its holdings in Ryan Specialty Holdings Inc. (NYSE:RYAN - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,944 shares of the company's stock after selling 4,642 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Ryan Specialty were worth $1,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RYAN. Royal Bank of Canada boosted its holdings in Ryan Specialty by 10.6% in the 1st quarter. Royal Bank of Canada now owns 59,639 shares of the company's stock valued at $4,406,000 after purchasing an additional 5,739 shares during the period. Quarry LP boosted its holdings in Ryan Specialty by 977.8% in the 1st quarter. Quarry LP now owns 582 shares of the company's stock valued at $43,000 after purchasing an additional 528 shares during the period. WPG Advisers LLC bought a new position in Ryan Specialty in the 1st quarter valued at $32,000. Comerica Bank boosted its holdings in Ryan Specialty by 59.1% in the 1st quarter. Comerica Bank now owns 332,741 shares of the company's stock valued at $24,580,000 after purchasing an additional 123,662 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Ryan Specialty by 7.7% in the 1st quarter. Synovus Financial Corp now owns 54,475 shares of the company's stock valued at $4,024,000 after purchasing an additional 3,881 shares during the period. 84.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Mark Stephen Katz sold 14,377 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $65.84, for a total value of $946,581.68. Following the transaction, the executive vice president owned 1,117 shares in the company, valued at approximately $73,543.28. This represents a 92.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 52.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RYAN shares. Citigroup assumed coverage on shares of Ryan Specialty in a report on Wednesday, August 13th. They set a "buy" rating and a $74.00 price objective for the company. Cantor Fitzgerald upgraded shares of Ryan Specialty to a "hold" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Ryan Specialty from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Barclays decreased their price objective on shares of Ryan Specialty from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Finally, Morgan Stanley reduced their price target on shares of Ryan Specialty from $71.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.83.

Ryan Specialty Stock Down 1.1%

NYSE:RYAN traded down $0.60 during mid-day trading on Friday, hitting $54.37. 1,484,706 shares of the company's stock were exchanged, compared to its average volume of 1,044,229. Ryan Specialty Holdings Inc. has a one year low of $53.99 and a one year high of $77.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $61.41 and a 200 day moving average price of $66.62. The company has a market cap of $14.34 billion, a PE ratio of 155.35, a P/E/G ratio of 1.51 and a beta of 0.63.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The business had revenue of $855.17 million for the quarter, compared to analyst estimates of $837.52 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Ryan Specialty's quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts predict that Ryan Specialty Holdings Inc. will post 2.29 EPS for the current year.

Ryan Specialty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.48 annualized dividend and a yield of 0.9%. Ryan Specialty's payout ratio is presently 137.14%.

Ryan Specialty 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.