Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) EVP Mark Stephen Katz sold 14,377 shares of Ryan Specialty stock in a transaction on Friday, June 13th. The stock was sold at an average price of $65.84, for a total transaction of $946,581.68. Following the sale, the executive vice president now directly owns 1,117 shares of the company's stock, valued at $73,543.28. This represents a 92.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Ryan Specialty Stock Up 0.7%
Shares of NYSE:RYAN traded up $0.47 during midday trading on Friday, hitting $67.13. The stock had a trading volume of 646,443 shares, compared to its average volume of 998,341. The company has a market cap of $17.62 billion, a P/E ratio of 197.44, a PEG ratio of 1.78 and a beta of 0.70. Ryan Specialty Holdings Inc. has a 12 month low of $55.67 and a 12 month high of $77.16. The business's 50-day simple moving average is $68.75 and its 200-day simple moving average is $68.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.45.
Ryan Specialty (NYSE:RYAN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $690.17 million during the quarter, compared to the consensus estimate of $680.80 million. Ryan Specialty had a net margin of 6.97% and a return on equity of 47.70%. The company's quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. On average, sell-side analysts forecast that Ryan Specialty Holdings Inc. will post 2.29 earnings per share for the current fiscal year.
Ryan Specialty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, May 13th. Ryan Specialty's payout ratio is currently 141.18%.
Analyst Ratings Changes
A number of research firms recently commented on RYAN. Royal Bank Of Canada dropped their price objective on Ryan Specialty from $73.00 to $72.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Barclays lowered their target price on Ryan Specialty from $88.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their target price on shares of Ryan Specialty from $76.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. UBS Group upped their price objective on Ryan Specialty from $82.00 to $84.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, TD Cowen began coverage on Ryan Specialty in a research note on Thursday, April 10th. They issued a "buy" rating and a $89.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.58.
Check Out Our Latest Research Report on RYAN
Hedge Funds Weigh In On Ryan Specialty
A number of institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Ryan Specialty by 281.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 332 shares of the company's stock worth $25,000 after acquiring an additional 245 shares during the period. SVB Wealth LLC bought a new position in Ryan Specialty during the first quarter worth $26,000. Rakuten Securities Inc. bought a new position in Ryan Specialty during the fourth quarter worth $27,000. WPG Advisers LLC acquired a new position in shares of Ryan Specialty in the first quarter valued at $32,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Ryan Specialty in the first quarter valued at about $35,000. Institutional investors and hedge funds 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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