Mark Stephen Katz Sells 14,377 Shares of Ryan Specialty Holdings, Inc. (NYSE:RYAN) Stock

Ryan Specialty Holdings, Inc. (NYSE:RYAN - Get Free Report) EVP Mark Stephen Katz sold 14,377 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1,117 shares in the company, valued at approximately $73,543.28. This trade represents a 92.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ryan Specialty Stock Up 0.7%

RYAN traded up $0.43 on Tuesday, hitting $65.89. 910,359 shares of the company were exchanged, compared to its average volume of 993,524. The firm has a 50-day moving average price of $69.03 and a two-hundred day moving average price of $68.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.40. Ryan Specialty Holdings, Inc. has a twelve month low of $52.37 and a twelve month high of $77.16. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 95.49, a price-to-earnings-growth ratio of 1.19 and a beta of 0.70.

Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Ryan Specialty had a return on equity of 48.01% and a net margin of 9.14%. The business had revenue of $690.17 million during the quarter, compared to analysts' expectations of $680.80 million. During the same quarter last year, the business posted $0.35 EPS. The business's quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities analysts predict that Ryan Specialty Holdings, Inc. will post 2.29 earnings per share for the current year.

Ryan Specialty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, May 13th. Ryan Specialty's dividend payout ratio (DPR) is presently 141.18%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RYAN shares. Keefe, Bruyette & Woods cut their price objective on Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays reduced their price target on shares of Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley upped their price objective on shares of Ryan Specialty from $78.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. UBS Group increased their price objective on shares of Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group upgraded shares of Ryan Specialty from a "neutral" rating to a "buy" rating and lifted their target price for the company from $74.00 to $81.00 in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Ryan Specialty has an average rating of "Moderate Buy" and a consensus price target of $75.58.

Institutional Investors Weigh In On Ryan Specialty

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Ryan Specialty by 4.0% in the first quarter. Vanguard Group Inc. now owns 10,271,428 shares of the company's stock valued at $758,750,000 after buying an additional 390,924 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Ryan Specialty by 2.5% in the 4th quarter. Bessemer Group Inc. now owns 3,283,216 shares of the company's stock valued at $210,651,000 after acquiring an additional 79,976 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Ryan Specialty by 66.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,051,356 shares of the company's stock worth $225,404,000 after acquiring an additional 1,218,147 shares in the last quarter. Blair William & Co. IL raised its position in shares of Ryan Specialty by 0.7% during the 1st quarter. Blair William & Co. IL now owns 2,784,916 shares of the company's stock worth $205,722,000 after acquiring an additional 18,953 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Ryan Specialty by 0.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,378,573 shares of the company's stock worth $175,706,000 after purchasing an additional 12,573 shares during the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

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.

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