Insider Selling: Ryan Specialty (NYSE:RYAN) CEO Sells 50,000 Shares of Company Stock

Key Points

• CEO Benjamin Miles Wuller sold 50,000 Ryan Specialty shares at an average of $47.31, totaling about $2.37 million. The sale reduced his holdings by 34.7%, leaving him with 94,095 shares.
• Ryan Specialty’s latest quarter delivered EPS of $0.51, above the $0.49 consensus, while revenue of $789.96 million fell slightly short of estimates. Analysts’ consensus rating is Hold, with an average price target of $52.15.
• The company declared a quarterly dividend of $0.13 per share, equivalent to $0.52 annually and a 1.1% yield.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) CEO Benjamin Miles Wuller sold 50,000 shares of the company's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $47.31, for a total value of $2,365,500.00. Following the completion of the sale, the chief executive officer owned 94,095 shares in the company, valued at $4,451,634.45. The trade was a 34.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryan Specialty Stock Performance

NYSE:RYAN traded down $0.75 during trading hours on Thursday, reaching $46.12. The company had a trading volume of 1,189,386 shares, compared to its average volume of 2,204,902. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.01 and a quick ratio of 1.01. Ryan Specialty Holdings Inc. has a 1-year low of $29.28 and a 1-year high of $58.91. The business's 50 day moving average price is $41.00 and its 200-day moving average price is $39.02. The firm has a market cap of $11.60 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54.

Ryan Specialty (NYSE:RYAN - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Ryan Specialty had a net margin of 8.25% and a return on equity of 47.77%. The firm had revenue of $789.96 million during the quarter, compared to analyst estimates of $792.99 million. During the same period in the previous year, the firm earned $0.47 EPS. Research analysts forecast that Ryan Specialty Holdings Inc. will post 2.18 EPS for the current year.

Ryan Specialty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, November 10th. Ryan Specialty's dividend payout ratio (DPR) is currently 64.20%.

Institutional Investors Weigh In On Ryan Specialty

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of Ryan Specialty by 29.5% during the third quarter. First Trust Advisors LP now owns 39,657 shares of the company's stock valued at $1,467,000 after acquiring an additional 9,035 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Ryan Specialty in the third quarter valued at approximately $5,767,000. NFC Investments LLC boosted its stake in shares of Ryan Specialty by 10.3% in the third quarter. NFC Investments LLC now owns 324,225 shares of the company's stock worth $11,996,000 after acquiring an additional 30,273 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Ryan Specialty in the third quarter worth approximately $2,810,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Ryan Specialty by 1,083.9% in the third quarter. Global Retirement Partners LLC now owns 48,883 shares of the company's stock worth $1,809,000 after acquiring an additional 44,754 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Ryan Specialty from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Piper Sandler dropped their target price on Ryan Specialty from $48.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 6th. JPMorgan Chase & Co. raised their target price on Ryan Specialty from $39.00 to $45.00 and gave the company an "underweight" rating in a research report on Monday, August 3rd. UBS Group cut their price target on Ryan Specialty from $55.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, November 2nd. Finally, Citigroup upped their price target on Ryan Specialty from $50.00 to $53.50 and gave the stock a "buy" rating in a report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.15.

Ryan Specialty Company Profile

Ryan Specialty is a specialty insurance organization that provides distribution, underwriting and related services to insurance brokers, agents and carriers. Its business includes wholesale brokerage, which helps insurance professionals place coverage for risks that may be difficult to insure in the standard market, and underwriting management services for specialty insurance products. The company works across a range of property and casualty insurance lines, including professional liability, transportation, property, casualty and other specialty risks.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.